This property looks like a bad Airbnb investment with a projected -13.03% first-year return on $149k initial cash invested.
-13.03%
Cash On Cash
3.38%
Cap Rate
0.55
DSCR
$4,242
Rent
-$1,620
Cashflow
Cash Flow
$4,242 income − $5,862 expenses = $1,620 out of pocket
Investment Breakdown
|
Purchase Price
$625k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$125k
Closing costs
1%
$6,249
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,242
Total Expenses
$5,862
Mortgage P&I
76%
$3,211
Property Taxes
9%
$396
Home Insurance
5%
$219
HOA
0%
$0
Property Management
15%
$636
CapEx
4%
$170
Vacancy
0%
$0
Maintenance
4%
$170
Other
25%
$1,060