This property looks like a bad Airbnb investment with a projected -19.62% first-year return on $155k initial cash invested.
-19.62%
Cash On Cash
1.89%
Cap Rate
0.3
DSCR
$2,721
Rent
-$2,528
Cashflow
Cash Flow
$2,721 income − $5,249 expenses = $2,528 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,504
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,721
Total Expenses
$5,249
Mortgage P&I
127%
$3,445
Property Taxes
10%
$278
Home Insurance
8%
$220
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680