This property looks like a bad Airbnb investment with a projected -12.02% first-year return on $155k initial cash invested.
-12.02%
Cash On Cash
3.54%
Cap Rate
0.58
DSCR
$4,373
Rent
-$1,548
Cashflow
Cash Flow
$4,373 income − $5,921 expenses = $1,548 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
$4,373
Total Expenses
$5,921
Mortgage P&I
75%
$3,292
Property Taxes
7%
$302
Home Insurance
5%
$228
HOA
0%
$0
Property Management
15%
$656
CapEx
4%
$175
Vacancy
0%
$0
Maintenance
4%
$175
Other
25%
$1,093