This property looks like a bad Airbnb investment with a projected -14.06% first-year return on $154k initial cash invested.
-14.06%
Cash On Cash
3.1%
Cap Rate
0.51
DSCR
$5,287
Rent
-$1,808
Cashflow
Cash Flow
$5,287 income − $7,095 expenses = $1,808 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,491
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,287
Total Expenses
$7,095
Mortgage P&I
62%
$3,274
Property Taxes
20%
$1,065
Home Insurance
4%
$219
HOA
0%
$0
Property Management
15%
$793
CapEx
4%
$211
Vacancy
0%
$0
Maintenance
4%
$211
Other
25%
$1,322