This property looks like a bad Airbnb investment with a projected -14.62% first-year return on $147k initial cash invested.
-14.62%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$5,328
Rent
-$1,789
Cashflow
Cash Flow
$5,328 income − $7,117 expenses = $1,789 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,136
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,328
Total Expenses
$7,117
Mortgage P&I
63%
$3,333
Property Taxes
13%
$682
Home Insurance
5%
$245
HOA
6%
$300
Property Management
15%
$799
CapEx
4%
$213
Vacancy
0%
$0
Maintenance
4%
$213
Other
25%
$1,332