This property looks like a bad Airbnb investment with a projected -13.16% first-year return on $150k initial cash invested.
-13.16%
Cash On Cash
3.3%
Cap Rate
0.54
DSCR
$4,482
Rent
-$1,645
Cashflow
Cash Flow
$4,482 income − $6,127 expenses = $1,645 out of pocket
Investment Breakdown
|
Purchase Price
$629k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,286
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,482
Total Expenses
$6,127
Mortgage P&I
71%
$3,196
Property Taxes
12%
$557
Home Insurance
5%
$224
HOA
0%
$0
Property Management
15%
$672
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,120