This property looks like a bad Airbnb investment with a projected -14.58% first-year return on $150k initial cash invested.
-14.58%
Cash On Cash
3.7%
Cap Rate
0.54
DSCR
$4,953
Rent
-$1,820
Cashflow
Cash Flow
$4,953 income − $6,773 expenses = $1,820 out of pocket
Investment Breakdown
|
Purchase Price
$628k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,277
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,953
Total Expenses
$6,773
Mortgage P&I
72%
$3,558
Property Taxes
12%
$611
Home Insurance
5%
$227
HOA
0%
$0
Property Management
15%
$743
CapEx
4%
$198
Vacancy
0%
$0
Maintenance
4%
$198
Other
25%
$1,238