This property looks like a bad Airbnb investment with a projected -27.61% first-year return on $151k initial cash invested.
-27.61%
Cash On Cash
-0.36%
Cap Rate
-0.06
DSCR
$1,654
Rent
-$3,477
Cashflow
Cash Flow
$1,654 income − $5,131 expenses = $3,477 out of pocket
Investment Breakdown
|
Purchase Price
$634k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,339
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,654
Total Expenses
$5,131
Mortgage P&I
195%
$3,220
Property Taxes
54%
$898
Home Insurance
13%
$219
HOA
0%
$0
Property Management
15%
$248
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$414