This property looks like a bad Airbnb investment with a projected -23.96% first-year return on $151k initial cash invested.
-23.96%
Cash On Cash
1.11%
Cap Rate
0.17
DSCR
$2,480
Rent
-$3,022
Cashflow
Cash Flow
$2,480 income − $5,502 expenses = $3,022 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,351
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,480
Total Expenses
$5,502
Mortgage P&I
142%
$3,512
Property Taxes
18%
$452
Home Insurance
10%
$238
HOA
4%
$110
Property Management
15%
$372
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$620