This property looks like a bad Airbnb investment with a projected -20.81% first-year return on $154k initial cash invested.
-20.81%
Cash On Cash
1.41%
Cap Rate
0.23
DSCR
$2,955
Rent
-$2,671
Cashflow
Cash Flow
$2,955 income − $5,626 expenses = $2,671 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,476
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,955
Total Expenses
$5,626
Mortgage P&I
112%
$3,314
Property Taxes
22%
$658
Home Insurance
8%
$236
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$739