This property looks like a bad Airbnb investment with a projected -25.95% first-year return on $157k initial cash invested.
-25.95%
Cash On Cash
0.12%
Cap Rate
0.02
DSCR
$2,506
Rent
-$3,396
Cashflow
Cash Flow
$2,506 income − $5,902 expenses = $3,396 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,621
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,506
Total Expenses
$5,902
Mortgage P&I
134%
$3,364
Property Taxes
44%
$1,100
Home Insurance
9%
$236
HOA
0%
$0
Property Management
15%
$376
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$626