This property looks like a bad Airbnb investment with a projected -26.36% first-year return on $154k initial cash invested.
-26.36%
Cash On Cash
0.49%
Cap Rate
0.07
DSCR
$2,175
Rent
-$3,389
Cashflow
Cash Flow
$2,175 income − $5,564 expenses = $3,389 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,175
Total Expenses
$5,564
Mortgage P&I
164%
$3,568
Property Taxes
33%
$725
Home Insurance
10%
$227
HOA
0%
$0
Property Management
15%
$326
CapEx
4%
$87
Vacancy
0%
$0
Maintenance
4%
$87
Other
25%
$544