This property looks like a bad Airbnb investment with a projected -17.33% first-year return on $150k initial cash invested.
-17.33%
Cash On Cash
2.23%
Cap Rate
0.36
DSCR
$2,846
Rent
-$2,170
Cashflow
Cash Flow
$2,846 income − $5,016 expenses = $2,170 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,846
Total Expenses
$5,016
Mortgage P&I
113%
$3,229
Property Taxes
7%
$189
Home Insurance
8%
$231
HOA
0%
$0
Property Management
15%
$427
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712