This property looks like a bad Airbnb investment with a projected -15.39% first-year return on $150k initial cash invested.
-15.39%
Cash On Cash
2.84%
Cap Rate
0.46
DSCR
$5,016
Rent
-$1,929
Cashflow
Cash Flow
$5,016 income − $6,945 expenses = $1,929 out of pocket
Investment Breakdown
|
Purchase Price
$631k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,307
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,016
Total Expenses
$6,945
Mortgage P&I
64%
$3,219
Property Taxes
22%
$1,090
Home Insurance
5%
$228
HOA
0%
$0
Property Management
15%
$752
CapEx
4%
$201
Vacancy
0%
$0
Maintenance
4%
$201
Other
25%
$1,254