This property looks like a bad Airbnb investment with a projected -17.76% first-year return on $155k initial cash invested.
-17.76%
Cash On Cash
2.07%
Cap Rate
0.34
DSCR
$2,617
Rent
-$2,287
Cashflow
Cash Flow
$2,617 income − $4,904 expenses = $2,287 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,617
Total Expenses
$4,904
Mortgage P&I
126%
$3,304
Property Taxes
4%
$115
Home Insurance
9%
$228
HOA
0%
$0
Property Management
15%
$393
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$654