This property looks like a bad Airbnb investment with a projected -24.2% first-year return on $154k initial cash invested.
-24.2%
Cash On Cash
1.05%
Cap Rate
0.16
DSCR
$2,824
Rent
-$3,112
Cashflow
Cash Flow
$2,824 income − $5,936 expenses = $3,112 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,492
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,824
Total Expenses
$5,936
Mortgage P&I
126%
$3,569
Property Taxes
28%
$780
Home Insurance
8%
$231
HOA
0%
$0
Property Management
15%
$424
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$706