This property looks like a bad Airbnb investment with a projected -24.92% first-year return on $161k initial cash invested.
-24.92%
Cash On Cash
0.47%
Cap Rate
0.08
DSCR
$2,440
Rent
-$3,335
Cashflow
Cash Flow
$2,440 income − $5,775 expenses = $3,335 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,791
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,440
Total Expenses
$5,775
Mortgage P&I
144%
$3,503
Property Taxes
26%
$640
Home Insurance
10%
$242
HOA
9%
$218
Property Management
15%
$366
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$610