This property looks like a bad Airbnb investment with a projected -19.27% first-year return on $150k initial cash invested.
-19.27%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$3,034
Rent
-$2,413
Cashflow
Cash Flow
$3,034 income − $5,447 expenses = $2,413 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,034
Total Expenses
$5,447
Mortgage P&I
115%
$3,474
Property Taxes
10%
$298
Home Insurance
7%
$220
HOA
0%
$0
Property Management
15%
$455
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$758