This property looks like a bad Airbnb investment with a projected -18.19% first-year return on $152k initial cash invested.
-18.19%
Cash On Cash
2.46%
Cap Rate
0.38
DSCR
$3,133
Rent
-$2,298
Cashflow
Cash Flow
$3,133 income − $5,431 expenses = $2,298 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,363
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,133
Total Expenses
$5,431
Mortgage P&I
111%
$3,480
Property Taxes
7%
$220
Home Insurance
7%
$228
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$783