This property looks like a bad Airbnb investment with a projected -25.92% first-year return on $153k initial cash invested.
-25.92%
Cash On Cash
0.13%
Cap Rate
0.02
DSCR
$1,850
Rent
-$3,302
Cashflow
Cash Flow
$1,850 income − $5,152 expenses = $3,302 out of pocket
Investment Breakdown
|
Purchase Price
$642k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,422
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,850
Total Expenses
$5,152
Mortgage P&I
178%
$3,297
Property Taxes
32%
$593
Home Insurance
12%
$228
HOA
8%
$146
Property Management
15%
$278
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$462