This property looks like a bad Airbnb investment with a projected -23.6% first-year return on $154k initial cash invested.
-23.6%
Cash On Cash
1.21%
Cap Rate
0.18
DSCR
$3,138
Rent
-$3,025
Cashflow
Cash Flow
$3,138 income − $6,163 expenses = $3,025 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,466
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,138
Total Expenses
$6,163
Mortgage P&I
113%
$3,552
Property Taxes
28%
$876
Home Insurance
7%
$228
HOA
0%
$0
Property Management
15%
$471
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$784