This property looks like a bad Airbnb investment with a projected -17.85% first-year return on $157k initial cash invested.
-17.85%
Cash On Cash
2.2%
Cap Rate
0.35
DSCR
$3,216
Rent
-$2,339
Cashflow
Cash Flow
$3,216 income − $5,555 expenses = $2,339 out of pocket
Investment Breakdown
|
Purchase Price
$663k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$133k
Closing costs
1%
$6,631
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,216
Total Expenses
$5,555
Mortgage P&I
107%
$3,426
Property Taxes
11%
$340
Home Insurance
8%
$245
HOA
0%
$0
Property Management
15%
$482
CapEx
4%
$129
Vacancy
0%
$0
Maintenance
4%
$129
Other
25%
$804