This property looks like a bad Airbnb investment with a projected -15.53% first-year return on $152k initial cash invested.
-15.53%
Cash On Cash
3.28%
Cap Rate
0.49
DSCR
$4,615
Rent
-$1,961
Cashflow
Cash Flow
$4,615 income − $6,576 expenses = $1,961 out of pocket
Investment Breakdown
|
Purchase Price
$636k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,359
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,615
Total Expenses
$6,576
Mortgage P&I
76%
$3,516
Property Taxes
13%
$620
Home Insurance
5%
$224
HOA
0%
$0
Property Management
15%
$692
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,154