This property looks like a bad Airbnb investment with a projected -7.61% first-year return on $145k initial cash invested.
-7.61%
Cash On Cash
4.62%
Cap Rate
0.77
DSCR
$5,118
Rent
-$920
Cashflow
Cash Flow
$5,118 income − $6,038 expenses = $920 out of pocket
Investment Breakdown
|
Purchase Price
$605k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,051
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,118
Total Expenses
$6,038
Mortgage P&I
59%
$3,044
Property Taxes
5%
$254
Home Insurance
4%
$219
HOA
1%
$63
Property Management
15%
$768
CapEx
4%
$205
Vacancy
0%
$0
Maintenance
4%
$205
Other
25%
$1,280