This property looks like a bad Airbnb investment with a projected -19.8% first-year return on $154k initial cash invested.
-19.8%
Cash On Cash
1.67%
Cap Rate
0.27
DSCR
$3,856
Rent
-$2,546
Cashflow
Cash Flow
$3,856 income − $6,402 expenses = $2,546 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,489
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,856
Total Expenses
$6,402
Mortgage P&I
85%
$3,295
Property Taxes
26%
$994
Home Insurance
6%
$217
HOA
1%
$46
Property Management
15%
$578
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$964