This property looks like a bad Airbnb investment with a projected -19.71% first-year return on $154k initial cash invested.
-19.71%
Cash On Cash
1.59%
Cap Rate
0.26
DSCR
$3,131
Rent
-$2,525
Cashflow
Cash Flow
$3,131 income − $5,656 expenses = $2,525 out of pocket
Investment Breakdown
|
Purchase Price
$646k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,462
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,131
Total Expenses
$5,656
Mortgage P&I
104%
$3,256
Property Taxes
21%
$664
Home Insurance
7%
$233
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$783