This property looks like a bad Airbnb investment with a projected -5.8% first-year return on $152k initial cash invested.
-5.8%
Cash On Cash
5.18%
Cap Rate
0.85
DSCR
$5,895
Rent
-$734
Cashflow
Cash Flow
$5,895 income − $6,629 expenses = $734 out of pocket
Investment Breakdown
|
Purchase Price
$637k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$127k
Closing costs
1%
$6,370
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,895
Total Expenses
$6,629
Mortgage P&I
55%
$3,247
Property Taxes
5%
$287
Home Insurance
4%
$223
HOA
1%
$42
Property Management
15%
$884
CapEx
4%
$236
Vacancy
0%
$0
Maintenance
4%
$236
Other
25%
$1,474