This property looks like a bad Airbnb investment with a projected -20.94% first-year return on $152k initial cash invested.
-20.94%
Cash On Cash
1.9%
Cap Rate
0.29
DSCR
$4,181
Rent
-$2,659
Cashflow
Cash Flow
$4,181 income − $6,840 expenses = $2,659 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,181
Total Expenses
$6,840
Mortgage P&I
84%
$3,504
Property Taxes
26%
$1,106
Home Insurance
5%
$224
HOA
0%
$0
Property Management
15%
$627
CapEx
4%
$167
Vacancy
0%
$0
Maintenance
4%
$167
Other
25%
$1,045