This property looks like a bad Airbnb investment with a projected -23.02% first-year return on $150k initial cash invested.
-23.02%
Cash On Cash
1.16%
Cap Rate
0.18
DSCR
$1,524
Rent
-$2,883
Cashflow
Cash Flow
$1,524 income − $4,407 expenses = $2,883 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,524
Total Expenses
$4,407
Mortgage P&I
225%
$3,429
Property Taxes
2%
$26
Home Insurance
14%
$220
HOA
0%
$0
Property Management
15%
$229
CapEx
4%
$61
Vacancy
0%
$0
Maintenance
4%
$61
Other
25%
$381