This property looks like a bad Airbnb investment with a projected -25% first-year return on $150k initial cash invested.
-25%
Cash On Cash
0.26%
Cap Rate
0.04
DSCR
$1,672
Rent
-$3,133
Cashflow
Cash Flow
$1,672 income − $4,805 expenses = $3,133 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,303
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,672
Total Expenses
$4,805
Mortgage P&I
191%
$3,200
Property Taxes
34%
$574
Home Insurance
14%
$228
HOA
0%
$0
Property Management
15%
$251
CapEx
4%
$67
Vacancy
0%
$0
Maintenance
4%
$67
Other
25%
$418