This property looks like a bad Airbnb investment with a projected -22.43% first-year return on $156k initial cash invested.
-22.43%
Cash On Cash
1.44%
Cap Rate
0.22
DSCR
$3,105
Rent
-$2,921
Cashflow
Cash Flow
$3,105 income − $6,026 expenses = $2,921 out of pocket
Investment Breakdown
|
Purchase Price
$658k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,583
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,105
Total Expenses
$6,026
Mortgage P&I
116%
$3,588
Property Taxes
23%
$712
Home Insurance
8%
$236
HOA
0%
$0
Property Management
15%
$466
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$776