This property looks like a bad Airbnb investment with a projected -17.98% first-year return on $154k initial cash invested.
-17.98%
Cash On Cash
2.19%
Cap Rate
0.35
DSCR
$3,720
Rent
-$2,307
Cashflow
Cash Flow
$3,720 income − $6,027 expenses = $2,307 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,476
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,720
Total Expenses
$6,027
Mortgage P&I
90%
$3,338
Property Taxes
16%
$609
Home Insurance
8%
$294
HOA
0%
$0
Property Management
15%
$558
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$930