This property looks like a bad Airbnb investment with a projected -24.85% first-year return on $152k initial cash invested.
-24.85%
Cash On Cash
0.34%
Cap Rate
0.06
DSCR
$1,850
Rent
-$3,156
Cashflow
Cash Flow
$1,850 income − $5,006 expenses = $3,156 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,399
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,850
Total Expenses
$5,006
Mortgage P&I
176%
$3,263
Property Taxes
34%
$631
Home Insurance
12%
$224
HOA
0%
$0
Property Management
15%
$278
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$462