This property looks like a bad Airbnb investment with a projected -26.66% first-year return on $160k initial cash invested.
-26.66%
Cash On Cash
0.18%
Cap Rate
0.03
DSCR
$1,972
Rent
-$3,546
Cashflow
Cash Flow
$1,972 income − $5,518 expenses = $3,546 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,744
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,972
Total Expenses
$5,518
Mortgage P&I
181%
$3,568
Property Taxes
39%
$762
Home Insurance
12%
$241
HOA
0%
$0
Property Management
15%
$296
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$493