This property looks like a bad Airbnb investment with a projected -14.36% first-year return on $155k initial cash invested.
-14.36%
Cash On Cash
2.89%
Cap Rate
0.48
DSCR
$3,425
Rent
-$1,849
Cashflow
Cash Flow
$3,425 income − $5,274 expenses = $1,849 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$130k
Closing costs
1%
$6,500
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,425
Total Expenses
$5,274
Mortgage P&I
96%
$3,278
Property Taxes
4%
$124
Home Insurance
7%
$228
HOA
0%
$0
Property Management
15%
$514
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$856