This property looks like a bad Airbnb investment with a projected -14.61% first-year return on $155k initial cash invested.
-14.61%
Cash On Cash
3.17%
Cap Rate
0.5
DSCR
$4,739
Rent
-$1,884
Cashflow
Cash Flow
$4,739 income − $6,623 expenses = $1,884 out of pocket
Investment Breakdown
|
Purchase Price
$651k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,514
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,739
Total Expenses
$6,623
Mortgage P&I
72%
$3,417
Property Taxes
15%
$691
Home Insurance
5%
$231
HOA
0%
$8
Property Management
15%
$711
CapEx
4%
$190
Vacancy
0%
$0
Maintenance
4%
$190
Other
25%
$1,185