This property looks like a bad Airbnb investment with a projected -10.01% first-year return on $150k initial cash invested.
-10.01%
Cash On Cash
4.09%
Cap Rate
0.67
DSCR
$5,236
Rent
-$1,253
Cashflow
Cash Flow
$5,236 income − $6,489 expenses = $1,253 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%
$6,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,236
Total Expenses
$6,489
Mortgage P&I
61%
$3,190
Property Taxes
11%
$567
Home Insurance
4%
$220
HOA
0%
$0
Property Management
15%
$785
CapEx
4%
$209
Vacancy
0%
$0
Maintenance
4%
$209
Other
25%
$1,309