This property looks like a bad Airbnb investment with a projected -19.88% first-year return on $155k initial cash invested.
-19.88%
Cash On Cash
2.08%
Cap Rate
0.32
DSCR
$3,433
Rent
-$2,569
Cashflow
Cash Flow
$3,433 income − $6,002 expenses = $2,569 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,526
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,433
Total Expenses
$6,002
Mortgage P&I
104%
$3,562
Property Taxes
16%
$541
Home Insurance
7%
$252
HOA
0%
$0
Property Management
15%
$515
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$858