This property looks like a bad Airbnb investment with a projected -8.88% first-year return on $146k initial cash invested.
-8.88%
Cash On Cash
4.85%
Cap Rate
0.74
DSCR
$5,860
Rent
-$1,079
Cashflow
Cash Flow
$5,860 income − $6,939 expenses = $1,079 out of pocket
Investment Breakdown
|
Purchase Price
$609k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,087
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,860
Total Expenses
$6,939
Mortgage P&I
56%
$3,305
Property Taxes
10%
$614
Home Insurance
4%
$208
HOA
0%
$0
Property Management
15%
$879
CapEx
4%
$234
Vacancy
0%
$0
Maintenance
4%
$234
Other
25%
$1,465