This property looks like a bad Airbnb investment with a projected -31.35% first-year return on $156k initial cash invested.
-31.35%
Cash On Cash
-1.27%
Cap Rate
-0.21
DSCR
$0
Rent
-$4,063
Cashflow
Cash Flow
$0 income − $4,063 expenses = $4,063 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,549
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$0
Total Expenses
$4,063
Mortgage P&I
33680000%
$3,368
Property Taxes
4660000%
$466
Home Insurance
2290000%
$229
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0