This property looks like a bad Airbnb investment with a projected -21.72% first-year return on $149k initial cash invested.
-21.72%
Cash On Cash
1.37%
Cap Rate
0.21
DSCR
$2,403
Rent
-$2,702
Cashflow
Cash Flow
$2,403 income − $5,105 expenses = $2,702 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,252
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,403
Total Expenses
$5,105
Mortgage P&I
138%
$3,319
Property Taxes
17%
$414
Home Insurance
9%
$219
HOA
0%
$0
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$601