This property looks like a bad Airbnb investment with a projected -25.16% first-year return on $149k initial cash invested.
-25.16%
Cash On Cash
0.78%
Cap Rate
0.12
DSCR
$2,926
Rent
-$3,129
Cashflow
Cash Flow
$2,926 income − $6,055 expenses = $3,129 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,926
Total Expenses
$6,055
Mortgage P&I
117%
$3,418
Property Taxes
35%
$1,013
Home Insurance
7%
$219
HOA
0%
$0
Property Management
15%
$439
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$732