This property looks like a bad Airbnb investment with a projected -17.81% first-year return on $152k initial cash invested.
-17.81%
Cash On Cash
2.4%
Cap Rate
0.38
DSCR
$3,727
Rent
-$2,252
Cashflow
Cash Flow
$3,727 income − $5,979 expenses = $2,252 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,367
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,727
Total Expenses
$5,979
Mortgage P&I
91%
$3,377
Property Taxes
15%
$558
Home Insurance
7%
$255
HOA
0%
$0
Property Management
15%
$559
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$932