This property looks like a bad Airbnb investment with a projected -9.69% first-year return on $146k initial cash invested.
-9.69%
Cash On Cash
4.16%
Cap Rate
0.68
DSCR
$4,487
Rent
-$1,182
Cashflow
Cash Flow
$4,487 income − $5,669 expenses = $1,182 out of pocket
Investment Breakdown
|
Purchase Price
$611k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$122k
Closing costs
1%
$6,110
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,487
Total Expenses
$5,669
Mortgage P&I
70%
$3,122
Property Taxes
4%
$175
Home Insurance
5%
$219
HOA
0%
$0
Property Management
15%
$673
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,122