This property looks like a bad Airbnb investment with a projected -8.26% first-year return on $154k initial cash invested.
-8.26%
Cash On Cash
4.52%
Cap Rate
0.74
DSCR
$5,136
Rent
-$1,062
Cashflow
Cash Flow
$5,136 income − $6,198 expenses = $1,062 out of pocket
Investment Breakdown
|
Purchase Price
$649k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$130k
Closing costs
1%
$6,490
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,136
Total Expenses
$6,198
Mortgage P&I
64%
$3,302
Property Taxes
4%
$205
Home Insurance
4%
$227
HOA
0%
$0
Property Management
15%
$770
CapEx
4%
$205
Vacancy
0%
$0
Maintenance
4%
$205
Other
25%
$1,284