This property looks like a bad Airbnb investment with a projected -19.36% first-year return on $154k initial cash invested.
-19.36%
Cash On Cash
1.79%
Cap Rate
0.29
DSCR
$3,254
Rent
-$2,489
Cashflow
Cash Flow
$3,254 income − $5,743 expenses = $2,489 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,254
Total Expenses
$5,743
Mortgage P&I
102%
$3,327
Property Taxes
19%
$627
Home Insurance
7%
$227
HOA
0%
$0
Property Management
15%
$488
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$814