This property looks like a bad Airbnb investment with a projected -18.77% first-year return on $153k initial cash invested.
-18.77%
Cash On Cash
2.05%
Cap Rate
0.32
DSCR
$2,792
Rent
-$2,387
Cashflow
Cash Flow
$2,792 income − $5,179 expenses = $2,387 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,410
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,792
Total Expenses
$5,179
Mortgage P&I
121%
$3,369
Property Taxes
9%
$238
Home Insurance
8%
$231
HOA
0%
$0
Property Management
15%
$419
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$698