This property looks like a bad Airbnb investment with a projected -24.68% first-year return on $150k initial cash invested.
-24.68%
Cash On Cash
0.87%
Cap Rate
0.13
DSCR
$2,051
Rent
-$3,079
Cashflow
Cash Flow
$2,051 income − $5,130 expenses = $3,079 out of pocket
Investment Breakdown
|
Purchase Price
$627k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$125k
Closing costs
1%
$6,273
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,051
Total Expenses
$5,130
Mortgage P&I
168%
$3,450
Property Taxes
22%
$451
Home Insurance
11%
$227
HOA
1%
$17
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$513