This property looks like a bad Airbnb investment with a projected -22.19% first-year return on $149k initial cash invested.
-22.19%
Cash On Cash
1.44%
Cap Rate
0.22
DSCR
$2,734
Rent
-$2,760
Cashflow
Cash Flow
$2,734 income − $5,494 expenses = $2,760 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,251
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,734
Total Expenses
$5,494
Mortgage P&I
124%
$3,400
Property Taxes
21%
$562
Home Insurance
8%
$220
HOA
0%
$0
Property Management
15%
$410
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$684