This property looks like a bad Airbnb investment with a projected -26.93% first-year return on $157k initial cash invested.
-26.93%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$3,131
Rent
-$3,527
Cashflow
Cash Flow
$3,131 income − $6,658 expenses = $3,527 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,628
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,131
Total Expenses
$6,658
Mortgage P&I
116%
$3,643
Property Taxes
41%
$1,269
Home Insurance
8%
$243
HOA
0%
$0
Property Management
15%
$470
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$783