This property looks like a bad Airbnb investment with a projected -19.47% first-year return on $151k initial cash invested.
-19.47%
Cash On Cash
1.9%
Cap Rate
0.3
DSCR
$2,668
Rent
-$2,456
Cashflow
Cash Flow
$2,668 income − $5,124 expenses = $2,456 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,668
Total Expenses
$5,124
Mortgage P&I
126%
$3,355
Property Taxes
9%
$251
Home Insurance
8%
$222
HOA
1%
$15
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$667