This property looks like a bad Airbnb investment with a projected -25.75% first-year return on $154k initial cash invested.
-25.75%
Cash On Cash
0.14%
Cap Rate
0.02
DSCR
$2,149
Rent
-$3,310
Cashflow
Cash Flow
$2,149 income − $5,459 expenses = $3,310 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,487
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,149
Total Expenses
$5,459
Mortgage P&I
154%
$3,300
Property Taxes
40%
$868
Home Insurance
11%
$228
HOA
1%
$32
Property Management
15%
$322
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$537