This property looks like a bad Airbnb investment with a projected -21.89% first-year return on $150k initial cash invested.
-21.89%
Cash On Cash
1.65%
Cap Rate
0.25
DSCR
$3,646
Rent
-$2,743
Cashflow
Cash Flow
$3,646 income − $6,389 expenses = $2,743 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,304
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,646
Total Expenses
$6,389
Mortgage P&I
95%
$3,463
Property Taxes
26%
$965
Home Insurance
6%
$210
HOA
0%
$0
Property Management
15%
$547
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$912