This property looks like a bad Airbnb investment with a projected -16.89% first-year return on $151k initial cash invested.
-16.89%
Cash On Cash
2.31%
Cap Rate
0.38
DSCR
$3,607
Rent
-$2,124
Cashflow
Cash Flow
$3,607 income − $5,731 expenses = $2,124 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,330
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,607
Total Expenses
$5,731
Mortgage P&I
89%
$3,196
Property Taxes
15%
$535
Home Insurance
6%
$222
HOA
1%
$47
Property Management
15%
$541
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$902