This property looks like a bad Airbnb investment with a projected -16.05% first-year return on $150k initial cash invested.
-16.05%
Cash On Cash
2.61%
Cap Rate
0.42
DSCR
$3,832
Rent
-$2,008
Cashflow
Cash Flow
$3,832 income − $5,840 expenses = $2,008 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,293
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,832
Total Expenses
$5,840
Mortgage P&I
84%
$3,224
Property Taxes
11%
$413
Home Insurance
6%
$224
HOA
4%
$140
Property Management
15%
$575
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$958