This property looks like a bad Airbnb investment with a projected -20.8% first-year return on $154k initial cash invested.
-20.8%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$3,271
Rent
-$2,670
Cashflow
Cash Flow
$3,271 income − $5,941 expenses = $2,670 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,478
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,271
Total Expenses
$5,941
Mortgage P&I
108%
$3,535
Property Taxes
18%
$599
Home Insurance
7%
$236
HOA
0%
$0
Property Management
15%
$491
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$818