This property looks like a bad Airbnb investment with a projected -18.13% first-year return on $150k initial cash invested.
-18.13%
Cash On Cash
1.93%
Cap Rate
0.32
DSCR
$2,313
Rent
-$2,270
Cashflow
Cash Flow
$2,313 income − $4,583 expenses = $2,270 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,313
Total Expenses
$4,583
Mortgage P&I
138%
$3,190
Property Taxes
2%
$54
Home Insurance
10%
$220
HOA
0%
$8
Property Management
15%
$347
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$578