This property looks like a bad Airbnb investment with a projected -21.46% first-year return on $152k initial cash invested.
-21.46%
Cash On Cash
1.26%
Cap Rate
0.2
DSCR
$2,436
Rent
-$2,722
Cashflow
Cash Flow
$2,436 income − $5,158 expenses = $2,722 out of pocket
Investment Breakdown
|
Purchase Price
$639k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,390
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,436
Total Expenses
$5,158
Mortgage P&I
135%
$3,297
Property Taxes
19%
$465
Home Insurance
9%
$228
HOA
0%
$0
Property Management
15%
$365
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$609