This property looks like a bad Airbnb investment with a projected -9.48% first-year return on $150k initial cash invested.
-9.48%
Cash On Cash
4.71%
Cap Rate
0.72
DSCR
$5,361
Rent
-$1,182
Cashflow
Cash Flow
$5,361 income − $6,543 expenses = $1,182 out of pocket
Investment Breakdown
|
Purchase Price
$626k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$125k
Closing costs
1%
$6,264
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,361
Total Expenses
$6,543
Mortgage P&I
64%
$3,426
Property Taxes
6%
$321
Home Insurance
4%
$224
HOA
0%
$0
Property Management
15%
$804
CapEx
4%
$214
Vacancy
0%
$0
Maintenance
4%
$214
Other
25%
$1,340