This property looks like a bad Airbnb investment with a projected -11.73% first-year return on $153k initial cash invested.
-11.73%
Cash On Cash
4.13%
Cap Rate
0.63
DSCR
$5,453
Rent
-$1,491
Cashflow
Cash Flow
$5,453 income − $6,944 expenses = $1,491 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,405
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,453
Total Expenses
$6,944
Mortgage P&I
64%
$3,479
Property Taxes
11%
$624
Home Insurance
4%
$224
HOA
0%
$0
Property Management
15%
$818
CapEx
4%
$218
Vacancy
0%
$0
Maintenance
4%
$218
Other
25%
$1,363