This property looks like a bad Airbnb investment with a projected -8.98% first-year return on $150k initial cash invested.
-8.98%
Cash On Cash
4.3%
Cap Rate
0.71
DSCR
$4,773
Rent
-$1,125
Cashflow
Cash Flow
$4,773 income − $5,898 expenses = $1,125 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%
$6,300
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,773
Total Expenses
$5,898
Mortgage P&I
67%
$3,190
Property Taxes
4%
$197
Home Insurance
5%
$220
HOA
0%
$0
Property Management
15%
$716
CapEx
4%
$191
Vacancy
0%
$0
Maintenance
4%
$191
Other
25%
$1,193