This property looks like a bad Airbnb investment with a projected -14.45% first-year return on $155k initial cash invested.
-14.45%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$4,168
Rent
-$1,861
Cashflow
Cash Flow
$4,168 income − $6,029 expenses = $1,861 out of pocket
Investment Breakdown
|
Purchase Price
$650k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,168
Total Expenses
$6,029
Mortgage P&I
86%
$3,594
Property Taxes
5%
$206
Home Insurance
5%
$228
HOA
0%
$0
Property Management
15%
$625
CapEx
4%
$167
Vacancy
0%
$0
Maintenance
4%
$167
Other
25%
$1,042