This property looks like a bad Airbnb investment with a projected -23.28% first-year return on $158k initial cash invested.
-23.28%
Cash On Cash
0.82%
Cap Rate
0.13
DSCR
$2,337
Rent
-$3,071
Cashflow
Cash Flow
$2,337 income − $5,408 expenses = $3,071 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,680
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,337
Total Expenses
$5,408
Mortgage P&I
147%
$3,435
Property Taxes
26%
$618
Home Insurance
10%
$234
HOA
0%
$0
Property Management
15%
$351
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$584