This property looks like a bad Airbnb investment with a projected -22.48% first-year return on $152k initial cash invested.
-22.48%
Cash On Cash
1.42%
Cap Rate
0.22
DSCR
$2,952
Rent
-$2,854
Cashflow
Cash Flow
$2,952 income − $5,806 expenses = $2,854 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%
$6,396
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,952
Total Expenses
$5,806
Mortgage P&I
118%
$3,491
Property Taxes
23%
$670
Home Insurance
8%
$228
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$738