This property looks like a bad Airbnb investment with a projected -15.06% first-year return on $154k initial cash invested.
-15.06%
Cash On Cash
2.95%
Cap Rate
0.47
DSCR
$3,813
Rent
-$1,938
Cashflow
Cash Flow
$3,813 income − $5,751 expenses = $1,938 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,496
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,813
Total Expenses
$5,751
Mortgage P&I
89%
$3,383
Property Taxes
5%
$207
Home Insurance
6%
$226
HOA
3%
$104
Property Management
15%
$572
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$953