This property looks like a bad Airbnb investment with a projected -26.83% first-year return on $157k initial cash invested.
-26.83%
Cash On Cash
-0.07%
Cap Rate
-0.01
DSCR
$1,947
Rent
-$3,505
Cashflow
Cash Flow
$1,947 income − $5,452 expenses = $3,505 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,608
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,947
Total Expenses
$5,452
Mortgage P&I
174%
$3,387
Property Taxes
32%
$624
Home Insurance
12%
$236
HOA
14%
$270
Property Management
15%
$292
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$487