This property looks like a bad Airbnb investment with a projected -24.7% first-year return on $149k initial cash invested.
-24.7%
Cash On Cash
0.64%
Cap Rate
0.1
DSCR
$2,497
Rent
-$3,071
Cashflow
Cash Flow
$2,497 income − $5,568 expenses = $3,071 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,248
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,497
Total Expenses
$5,568
Mortgage P&I
132%
$3,303
Property Taxes
34%
$858
Home Insurance
8%
$208
HOA
0%
$0
Property Management
15%
$375
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$624