This property looks like a bad Airbnb investment with a projected -9% first-year return on $146k initial cash invested.
-9%
Cash On Cash
4.57%
Cap Rate
0.72
DSCR
$5,066
Rent
-$1,097
Cashflow
Cash Flow
$5,066 income − $6,163 expenses = $1,097 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,108
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,066
Total Expenses
$6,163
Mortgage P&I
64%
$3,221
Property Taxes
6%
$282
Home Insurance
5%
$228
HOA
0%
$0
Property Management
15%
$760
CapEx
4%
$203
Vacancy
0%
$0
Maintenance
4%
$203
Other
25%
$1,266