This property looks like a bad Airbnb investment with a projected -16.18% first-year return on $152k initial cash invested.
-16.18%
Cash On Cash
2.57%
Cap Rate
0.42
DSCR
$3,398
Rent
-$2,055
Cashflow
Cash Flow
$3,398 income − $5,453 expenses = $2,055 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,398
Total Expenses
$5,453
Mortgage P&I
97%
$3,289
Property Taxes
9%
$308
Home Insurance
7%
$224
HOA
0%
$0
Property Management
15%
$510
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$850