This property looks like a bad Airbnb investment with a projected -24.43% first-year return on $159k initial cash invested.
-24.43%
Cash On Cash
0.88%
Cap Rate
0.14
DSCR
$2,495
Rent
-$3,246
Cashflow
Cash Flow
$2,495 income − $5,741 expenses = $3,246 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,735
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,495
Total Expenses
$5,741
Mortgage P&I
146%
$3,638
Property Taxes
26%
$652
Home Insurance
10%
$253
HOA
0%
$0
Property Management
15%
$374
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$624