This property looks like a bad Airbnb investment with a projected -26.33% first-year return on $149k initial cash invested.
-26.33%
Cash On Cash
-0.19%
Cap Rate
-0.03
DSCR
$419
Rent
-$3,275
Cashflow
Cash Flow
$419 income − $3,694 expenses = $3,275 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$419
Total Expenses
$3,694
Mortgage P&I
754%
$3,160
Property Taxes
27%
$113
Home Insurance
52%
$219
HOA
0%
$0
Property Management
15%
$63
CapEx
4%
$17
Vacancy
0%
$0
Maintenance
4%
$17
Other
25%
$105