This property looks like a bad Airbnb investment with a projected -18.43% first-year return on $153k initial cash invested.
-18.43%
Cash On Cash
2.46%
Cap Rate
0.38
DSCR
$3,740
Rent
-$2,355
Cashflow
Cash Flow
$3,740 income − $6,095 expenses = $2,355 out of pocket
Investment Breakdown
|
Purchase Price
$645k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,446
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,740
Total Expenses
$6,095
Mortgage P&I
94%
$3,529
Property Taxes
15%
$543
Home Insurance
6%
$227
HOA
0%
$0
Property Management
15%
$561
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$935