This property looks like a bad Airbnb investment with a projected -15.71% first-year return on $149k initial cash invested.
-15.71%
Cash On Cash
2.62%
Cap Rate
0.43
DSCR
$3,731
Rent
-$1,954
Cashflow
Cash Flow
$3,731 income − $5,685 expenses = $1,954 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,250
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,731
Total Expenses
$5,685
Mortgage P&I
85%
$3,167
Property Taxes
14%
$508
Home Insurance
6%
$219
HOA
0%
$0
Property Management
15%
$560
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$933