This property looks like a bad Airbnb investment with a projected -11.56% first-year return on $147k initial cash invested.
-11.56%
Cash On Cash
3.72%
Cap Rate
0.61
DSCR
$4,871
Rent
-$1,416
Cashflow
Cash Flow
$4,871 income − $6,287 expenses = $1,416 out of pocket
Investment Breakdown
|
Purchase Price
$614k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$123k
Closing costs
1%
$6,141
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,871
Total Expenses
$6,287
Mortgage P&I
64%
$3,123
Property Taxes
12%
$577
Home Insurance
5%
$245
HOA
0%
$3
Property Management
15%
$731
CapEx
4%
$195
Vacancy
0%
$0
Maintenance
4%
$195
Other
25%
$1,218