This property looks like a bad Airbnb investment with a projected -15.77% first-year return on $154k initial cash invested.
-15.77%
Cash On Cash
3.12%
Cap Rate
0.47
DSCR
$3,614
Rent
-$2,021
Cashflow
Cash Flow
$3,614 income − $5,635 expenses = $2,021 out of pocket
Investment Breakdown
|
Purchase Price
$647k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$129k
Closing costs
1%
$6,465
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,614
Total Expenses
$5,635
Mortgage P&I
98%
$3,559
Property Taxes
3%
$114
Home Insurance
6%
$226
HOA
0%
$0
Property Management
15%
$542
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$904