This property looks like a bad Airbnb investment with a projected -27.74% first-year return on $155k initial cash invested.
-27.74%
Cash On Cash
0.15%
Cap Rate
0.02
DSCR
$2,001
Rent
-$3,572
Cashflow
Cash Flow
$2,001 income − $5,573 expenses = $3,572 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,001
Total Expenses
$5,573
Mortgage P&I
179%
$3,572
Property Taxes
41%
$813
Home Insurance
11%
$228
HOA
0%
$0
Property Management
15%
$300
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$500