This property looks like a bad Airbnb investment with a projected -9.66% first-year return on $150k initial cash invested.
-9.66%
Cash On Cash
4.21%
Cap Rate
0.69
DSCR
$5,702
Rent
-$1,209
Cashflow
Cash Flow
$5,702 income − $6,911 expenses = $1,209 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,298
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,702
Total Expenses
$6,911
Mortgage P&I
56%
$3,189
Property Taxes
11%
$640
Home Insurance
4%
$228
HOA
2%
$117
Property Management
15%
$855
CapEx
4%
$228
Vacancy
0%
$0
Maintenance
4%
$228
Other
25%
$1,426