This property looks like a bad Airbnb investment with a projected -18.74% first-year return on $154k initial cash invested.
-18.74%
Cash On Cash
1.92%
Cap Rate
0.32
DSCR
$3,782
Rent
-$2,405
Cashflow
Cash Flow
$3,782 income − $6,187 expenses = $2,405 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,475
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,782
Total Expenses
$6,187
Mortgage P&I
87%
$3,291
Property Taxes
15%
$580
Home Insurance
6%
$231
HOA
7%
$270
Property Management
15%
$567
CapEx
4%
$151
Vacancy
0%
$0
Maintenance
4%
$151
Other
25%
$946