This property looks like a bad Airbnb investment with a projected -18.17% first-year return on $152k initial cash invested.
-18.17%
Cash On Cash
2.12%
Cap Rate
0.34
DSCR
$2,664
Rent
-$2,307
Cashflow
Cash Flow
$2,664 income − $4,971 expenses = $2,307 out of pocket
Investment Breakdown
|
Purchase Price
$640k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$128k
Closing costs
1%
$6,400
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,664
Total Expenses
$4,971
Mortgage P&I
125%
$3,333
Property Taxes
5%
$134
Home Insurance
8%
$224
HOA
0%
$0
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$666