This property looks like a bad Airbnb investment with a projected -21.8% first-year return on $155k initial cash invested.
-21.8%
Cash On Cash
1.15%
Cap Rate
0.19
DSCR
$3,597
Rent
-$2,807
Cashflow
Cash Flow
$3,597 income − $6,404 expenses = $2,807 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,597
Total Expenses
$6,404
Mortgage P&I
91%
$3,287
Property Taxes
32%
$1,162
Home Insurance
6%
$228
HOA
0%
$0
Property Management
15%
$540
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$899