This property looks like a bad Airbnb investment with a projected -19.4% first-year return on $160k initial cash invested.
-19.4%
Cash On Cash
1.73%
Cap Rate
0.28
DSCR
$2,647
Rent
-$2,583
Cashflow
Cash Flow
$2,647 income − $5,230 expenses = $2,583 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,647
Total Expenses
$5,230
Mortgage P&I
130%
$3,448
Property Taxes
10%
$275
Home Insurance
9%
$236
HOA
0%
$0
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662