This property looks like a bad Airbnb investment with a projected -24.36% first-year return on $155k initial cash invested.
-24.36%
Cash On Cash
0.79%
Cap Rate
0.12
DSCR
$2,932
Rent
-$3,136
Cashflow
Cash Flow
$2,932 income − $6,068 expenses = $3,136 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,932
Total Expenses
$6,068
Mortgage P&I
118%
$3,449
Property Taxes
34%
$984
Home Insurance
8%
$228
HOA
0%
$0
Property Management
15%
$440
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$733