This property looks like a bad Airbnb investment with a projected -18.95% first-year return on $150k initial cash invested.
-18.95%
Cash On Cash
2.16%
Cap Rate
0.34
DSCR
$3,491
Rent
-$2,376
Cashflow
Cash Flow
$3,491 income − $5,867 expenses = $2,376 out of pocket
Investment Breakdown
|
Purchase Price
$631k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,308
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,491
Total Expenses
$5,867
Mortgage P&I
97%
$3,372
Property Taxes
17%
$597
Home Insurance
6%
$221
HOA
0%
$0
Property Management
15%
$524
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$873