This property looks like a bad Airbnb investment with a projected -18.58% first-year return on $151k initial cash invested.
-18.58%
Cash On Cash
1.85%
Cap Rate
0.3
DSCR
$2,849
Rent
-$2,344
Cashflow
Cash Flow
$2,849 income − $5,193 expenses = $2,344 out of pocket
Investment Breakdown
|
Purchase Price
$635k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,350
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,849
Total Expenses
$5,193
Mortgage P&I
113%
$3,207
Property Taxes
14%
$397
Home Insurance
8%
$222
HOA
0%
$0
Property Management
15%
$427
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712