This property looks like a bad Airbnb investment with a projected -15.62% first-year return on $153k initial cash invested.
-15.62%
Cash On Cash
2.66%
Cap Rate
0.44
DSCR
$3,444
Rent
-$1,992
Cashflow
Cash Flow
$3,444 income − $5,436 expenses = $1,992 out of pocket
Investment Breakdown
|
Purchase Price
$643k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$129k
Closing costs
1%
$6,432
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,444
Total Expenses
$5,436
Mortgage P&I
95%
$3,282
Property Taxes
8%
$271
Home Insurance
7%
$229
HOA
0%
$0
Property Management
15%
$517
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$861