This property looks like a bad Airbnb investment with a projected -18.51% first-year return on $151k initial cash invested.
-18.51%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$3,150
Rent
-$2,327
Cashflow
Cash Flow
$3,150 income − $5,477 expenses = $2,327 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,327
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,150
Total Expenses
$5,477
Mortgage P&I
110%
$3,460
Property Taxes
7%
$217
Home Insurance
7%
$228
HOA
2%
$60
Property Management
15%
$472
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$788