This property looks like a bad Airbnb investment with a projected -16.59% first-year return on $149k initial cash invested.
-16.59%
Cash On Cash
2.52%
Cap Rate
0.41
DSCR
$3,816
Rent
-$2,063
Cashflow
Cash Flow
$3,816 income − $5,879 expenses = $2,063 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,816
Total Expenses
$5,879
Mortgage P&I
84%
$3,224
Property Taxes
16%
$604
Home Insurance
6%
$219
HOA
0%
$0
Property Management
15%
$572
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$954