This property looks like a bad Airbnb investment with a projected -21.2% first-year return on $153k initial cash invested.
-21.2%
Cash On Cash
1.29%
Cap Rate
0.21
DSCR
$2,256
Rent
-$2,704
Cashflow
Cash Flow
$2,256 income − $4,960 expenses = $2,704 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,430
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,256
Total Expenses
$4,960
Mortgage P&I
146%
$3,304
Property Taxes
14%
$320
Home Insurance
11%
$254
HOA
0%
$0
Property Management
15%
$338
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$564