This property looks like a bad Airbnb investment with a projected -12.1% first-year return on $149k initial cash invested.
-12.1%
Cash On Cash
3.46%
Cap Rate
0.57
DSCR
$4,197
Rent
-$1,505
Cashflow
Cash Flow
$4,197 income − $5,702 expenses = $1,505 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.4%
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
$4,197
Total Expenses
$5,702
Mortgage P&I
75%
$3,141
Property Taxes
8%
$327
Home Insurance
5%
$219
HOA
0%
$0
Property Management
15%
$630
CapEx
4%
$168
Vacancy
0%
$0
Maintenance
4%
$168
Other
25%
$1,049