This property looks like a bad Airbnb investment with a projected -11.73% first-year return on $145k initial cash invested.
-11.73%
Cash On Cash
3.65%
Cap Rate
0.6
DSCR
$4,208
Rent
-$1,416
Cashflow
Cash Flow
$4,208 income − $5,624 expenses = $1,416 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,041
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,208
Total Expenses
$5,624
Mortgage P&I
73%
$3,087
Property Taxes
7%
$296
Home Insurance
5%
$222
HOA
0%
$0
Property Management
15%
$631
CapEx
4%
$168
Vacancy
0%
$0
Maintenance
4%
$168
Other
25%
$1,052