This property looks like a bad Airbnb investment with a projected -15.44% first-year return on $153k initial cash invested.
-15.44%
Cash On Cash
2.84%
Cap Rate
0.45
DSCR
$3,371
Rent
-$1,964
Cashflow
Cash Flow
$3,371 income − $5,335 expenses = $1,964 out of pocket
Investment Breakdown
|
Purchase Price
$641k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$128k
Closing costs
1%
$6,412
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,371
Total Expenses
$5,335
Mortgage P&I
99%
$3,348
Property Taxes
4%
$132
Home Insurance
7%
$236
HOA
0%
$0
Property Management
15%
$506
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$843