This property looks like a bad Airbnb investment with a projected -23.3% first-year return on $151k initial cash invested.
-23.3%
Cash On Cash
0.61%
Cap Rate
0.1
DSCR
$1,605
Rent
-$2,929
Cashflow
Cash Flow
$1,605 income − $4,534 expenses = $2,929 out of pocket
Investment Breakdown
|
Purchase Price
$633k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$127k
Closing costs
1%
$6,327
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,605
Total Expenses
$4,534
Mortgage P&I
199%
$3,188
Property Taxes
22%
$348
Home Insurance
14%
$228
HOA
0%
$0
Property Management
15%
$241
CapEx
4%
$64
Vacancy
0%
$0
Maintenance
4%
$64
Other
25%
$401