This property looks like a bad Airbnb investment with a projected -20.08% first-year return on $154k initial cash invested.
-20.08%
Cash On Cash
1.54%
Cap Rate
0.25
DSCR
$3,014
Rent
-$2,580
Cashflow
Cash Flow
$3,014 income − $5,594 expenses = $2,580 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,485
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,014
Total Expenses
$5,594
Mortgage P&I
109%
$3,293
Property Taxes
13%
$405
Home Insurance
8%
$228
HOA
7%
$220
Property Management
15%
$452
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754