This property looks like a bad Airbnb investment with a projected -14.11% first-year return on $145k initial cash invested.
-14.11%
Cash On Cash
3.59%
Cap Rate
0.54
DSCR
$4,709
Rent
-$1,710
Cashflow
Cash Flow
$4,709 income − $6,419 expenses = $1,710 out of pocket
Investment Breakdown
|
Purchase Price
$607k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,069
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,709
Total Expenses
$6,419
Mortgage P&I
71%
$3,337
Property Taxes
10%
$471
Home Insurance
5%
$219
HOA
3%
$133
Property Management
15%
$706
CapEx
4%
$188
Vacancy
0%
$0
Maintenance
4%
$188
Other
25%
$1,177