This property looks like a bad Airbnb investment with a projected -24.91% first-year return on $155k initial cash invested.
-24.91%
Cash On Cash
0.85%
Cap Rate
0.13
DSCR
$3,113
Rent
-$3,227
Cashflow
Cash Flow
$3,113 income − $6,340 expenses = $3,227 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,546
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,113
Total Expenses
$6,340
Mortgage P&I
115%
$3,568
Property Taxes
16%
$495
Home Insurance
8%
$245
HOA
17%
$537
Property Management
15%
$467
CapEx
4%
$125
Vacancy
0%
$0
Maintenance
4%
$125
Other
25%
$778