This property looks like a bad Airbnb investment with a projected -18.01% first-year return on $153k initial cash invested.
-18.01%
Cash On Cash
2.14%
Cap Rate
0.35
DSCR
$3,414
Rent
-$2,302
Cashflow
Cash Flow
$3,414 income − $5,716 expenses = $2,302 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,445
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,414
Total Expenses
$5,716
Mortgage P&I
97%
$3,313
Property Taxes
16%
$529
Home Insurance
7%
$234
HOA
0%
$0
Property Management
15%
$512
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$854