This property looks like a bad Airbnb investment with a projected -20.16% first-year return on $154k initial cash invested.
-20.16%
Cash On Cash
1.78%
Cap Rate
0.28
DSCR
$3,065
Rent
-$2,584
Cashflow
Cash Flow
$3,065 income − $5,649 expenses = $2,584 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,467
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,065
Total Expenses
$5,649
Mortgage P&I
112%
$3,420
Property Taxes
17%
$514
Home Insurance
8%
$234
HOA
0%
$9
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$766