This property looks like a bad Airbnb investment with a projected -18.04% first-year return on $150k initial cash invested.
-18.04%
Cash On Cash
1.99%
Cap Rate
0.33
DSCR
$3,231
Rent
-$2,259
Cashflow
Cash Flow
$3,231 income − $5,490 expenses = $2,259 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%
$6,300
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,231
Total Expenses
$5,490
Mortgage P&I
98%
$3,173
Property Taxes
17%
$546
Home Insurance
7%
$220
HOA
0%
$0
Property Management
15%
$485
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$808