This property looks like a bad Airbnb investment with a projected -17.99% first-year return on $154k initial cash invested.
-17.99%
Cash On Cash
2.06%
Cap Rate
0.34
DSCR
$3,163
Rent
-$2,306
Cashflow
Cash Flow
$3,163 income − $5,469 expenses = $2,306 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,467
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,163
Total Expenses
$5,469
Mortgage P&I
104%
$3,291
Property Taxes
14%
$431
Home Insurance
7%
$228
HOA
0%
$0
Property Management
15%
$474
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$791