This property looks like a bad Airbnb investment with a projected -12% first-year return on $145k initial cash invested.
-12%
Cash On Cash
3.61%
Cap Rate
0.59
DSCR
$4,078
Rent
-$1,449
Cashflow
Cash Flow
$4,078 income − $5,527 expenses = $1,449 out of pocket
Investment Breakdown
|
Purchase Price
$604k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$121k
Closing costs
1%
$6,043
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,078
Total Expenses
$5,527
Mortgage P&I
76%
$3,105
Property Taxes
5%
$199
Home Insurance
5%
$198
HOA
2%
$67
Property Management
15%
$612
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,020