This property looks like a bad Airbnb investment with a projected -27.07% first-year return on $152k initial cash invested.
-27.07%
Cash On Cash
0.36%
Cap Rate
0.05
DSCR
$2,063
Rent
-$3,424
Cashflow
Cash Flow
$2,063 income − $5,487 expenses = $3,424 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,371
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,063
Total Expenses
$5,487
Mortgage P&I
171%
$3,530
Property Taxes
34%
$711
Home Insurance
12%
$255
HOA
0%
$0
Property Management
15%
$309
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$516