This property looks like a bad Airbnb investment with a projected -19.45% first-year return on $157k initial cash invested.
-19.45%
Cash On Cash
1.91%
Cap Rate
0.3
DSCR
$3,338
Rent
-$2,538
Cashflow
Cash Flow
$3,338 income − $5,876 expenses = $2,538 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,600
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,338
Total Expenses
$5,876
Mortgage P&I
103%
$3,454
Property Taxes
18%
$588
Home Insurance
7%
$231
HOA
0%
$0
Property Management
15%
$501
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$834