This property looks like a bad Airbnb investment with a projected -9.08% first-year return on $154k initial cash invested.
-9.08%
Cash On Cash
4.77%
Cap Rate
0.74
DSCR
$6,034
Rent
-$1,166
Cashflow
Cash Flow
$6,034 income − $7,200 expenses = $1,166 out of pocket
Investment Breakdown
|
Purchase Price
$648k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,480
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,034
Total Expenses
$7,200
Mortgage P&I
58%
$3,500
Property Taxes
10%
$578
Home Insurance
4%
$227
HOA
0%
$0
Property Management
15%
$905
CapEx
4%
$241
Vacancy
0%
$0
Maintenance
4%
$241
Other
25%
$1,508