This property looks like a bad Airbnb investment with a projected -18.25% first-year return on $150k initial cash invested.
-18.25%
Cash On Cash
2.78%
Cap Rate
0.4
DSCR
$3,316
Rent
-$2,276
Cashflow
Cash Flow
$3,316 income − $5,592 expenses = $2,276 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$125k
Closing costs
1%
$6,269
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,316
Total Expenses
$5,592
Mortgage P&I
108%
$3,593
Property Taxes
5%
$179
Home Insurance
7%
$228
HOA
0%
$0
Property Management
15%
$497
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$829