This property looks like a bad Airbnb investment with a projected -19.86% first-year return on $150k initial cash invested.
-19.86%
Cash On Cash
2.14%
Cap Rate
0.32
DSCR
$3,553
Rent
-$2,476
Cashflow
Cash Flow
$3,553 income − $6,029 expenses = $2,476 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$125k
Closing costs
1%
$6,266
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,553
Total Expenses
$6,029
Mortgage P&I
97%
$3,450
Property Taxes
18%
$654
Home Insurance
6%
$220
HOA
0%
$0
Property Management
15%
$533
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$888