This property looks like a bad Airbnb investment with a projected -17.96% first-year return on $151k initial cash invested.
-17.96%
Cash On Cash
2.08%
Cap Rate
0.34
DSCR
$3,614
Rent
-$2,260
Cashflow
Cash Flow
$3,614 income − $5,874 expenses = $2,260 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,334
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,614
Total Expenses
$5,874
Mortgage P&I
89%
$3,211
Property Taxes
22%
$787
Home Insurance
4%
$140
HOA
0%
$0
Property Management
15%
$542
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$904