This property looks like a bad Airbnb investment with a projected -28.81% first-year return on $152k initial cash invested.
-28.81%
Cash On Cash
-0.2%
Cap Rate
-0.03
DSCR
$1,663
Rent
-$3,659
Cashflow
Cash Flow
$1,663 income − $5,322 expenses = $3,659 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,399
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,663
Total Expenses
$5,322
Mortgage P&I
210%
$3,488
Property Taxes
49%
$811
Home Insurance
13%
$224
HOA
0%
$0
Property Management
15%
$249
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$416