This property looks like a bad Airbnb investment with a projected -20.06% first-year return on $159k initial cash invested.
-20.06%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$2,689
Rent
-$2,654
Cashflow
Cash Flow
$2,689 income − $5,343 expenses = $2,654 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,702
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,689
Total Expenses
$5,343
Mortgage P&I
136%
$3,648
Property Taxes
3%
$74
Home Insurance
9%
$242
HOA
3%
$88
Property Management
15%
$403
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$672