This property looks like a bad Airbnb investment with a projected -21.59% first-year return on $153k initial cash invested.
-21.59%
Cash On Cash
1.37%
Cap Rate
0.22
DSCR
$3,301
Rent
-$2,750
Cashflow
Cash Flow
$3,301 income − $6,051 expenses = $2,750 out of pocket
Investment Breakdown
|
Purchase Price
$642k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,420
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,301
Total Expenses
$6,051
Mortgage P&I
102%
$3,352
Property Taxes
27%
$881
Home Insurance
7%
$234
HOA
0%
$0
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$825