This property looks like a bad Airbnb investment with a projected -20.42% first-year return on $150k initial cash invested.
-20.42%
Cash On Cash
1.45%
Cap Rate
0.24
DSCR
$2,830
Rent
-$2,558
Cashflow
Cash Flow
$2,830 income − $5,388 expenses = $2,558 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,301
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,830
Total Expenses
$5,388
Mortgage P&I
113%
$3,204
Property Taxes
21%
$606
Home Insurance
8%
$220
HOA
0%
$0
Property Management
15%
$424
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$708