This property looks like a bad Airbnb investment with a projected -19.5% first-year return on $149k initial cash invested.
-19.5%
Cash On Cash
2.16%
Cap Rate
0.33
DSCR
$3,598
Rent
-$2,422
Cashflow
Cash Flow
$3,598 income − $6,020 expenses = $2,422 out of pocket
Investment Breakdown
|
Purchase Price
$624k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,241
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,598
Total Expenses
$6,020
Mortgage P&I
95%
$3,402
Property Taxes
18%
$662
Home Insurance
6%
$228
HOA
0%
$0
Property Management
15%
$540
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$900