This property looks like a bad Airbnb investment with a projected -18.67% first-year return on $149k initial cash invested.
-18.67%
Cash On Cash
1.83%
Cap Rate
0.3
DSCR
$2,805
Rent
-$2,322
Cashflow
Cash Flow
$2,805 income − $5,127 expenses = $2,322 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,805
Total Expenses
$5,127
Mortgage P&I
113%
$3,163
Property Taxes
14%
$399
Home Insurance
8%
$219
HOA
0%
$0
Property Management
15%
$421
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$701