This property looks like a bad Airbnb investment with a projected -24.57% first-year return on $153k initial cash invested.
-24.57%
Cash On Cash
0.47%
Cap Rate
0.08
DSCR
$2,672
Rent
-$3,139
Cashflow
Cash Flow
$2,672 income − $5,811 expenses = $3,139 out of pocket
Investment Breakdown
|
Purchase Price
$644k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,443
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,672
Total Expenses
$5,811
Mortgage P&I
123%
$3,285
Property Taxes
38%
$1,015
Home Insurance
9%
$228
HOA
0%
$0
Property Management
15%
$401
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$668