This property looks like a bad Airbnb investment with a projected -14.49% first-year return on $155k initial cash invested.
-14.49%
Cash On Cash
3.47%
Cap Rate
0.53
DSCR
$4,911
Rent
-$1,872
Cashflow
Cash Flow
$4,911 income − $6,783 expenses = $1,872 out of pocket
Investment Breakdown
|
Purchase Price
$652k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,523
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,911
Total Expenses
$6,783
Mortgage P&I
72%
$3,560
Property Taxes
12%
$588
Home Insurance
6%
$278
HOA
0%
$0
Property Management
15%
$737
CapEx
4%
$196
Vacancy
0%
$0
Maintenance
4%
$196
Other
25%
$1,228