This property looks like a bad Airbnb investment with a projected -21.68% first-year return on $151k initial cash invested.
-21.68%
Cash On Cash
1.2%
Cap Rate
0.19
DSCR
$2,415
Rent
-$2,734
Cashflow
Cash Flow
$2,415 income − $5,149 expenses = $2,734 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,415
Total Expenses
$5,149
Mortgage P&I
136%
$3,273
Property Taxes
20%
$494
Home Insurance
9%
$222
HOA
0%
$0
Property Management
15%
$362
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$604