This property looks like a bad Airbnb investment with a projected -20.33% first-year return on $158k initial cash invested.
-20.33%
Cash On Cash
1.81%
Cap Rate
0.28
DSCR
$3,650
Rent
-$2,669
Cashflow
Cash Flow
$3,650 income − $6,319 expenses = $2,669 out of pocket
Investment Breakdown
|
Purchase Price
$664k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,644
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,650
Total Expenses
$6,319
Mortgage P&I
97%
$3,525
Property Taxes
22%
$804
Home Insurance
7%
$238
HOA
0%
$0
Property Management
15%
$548
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$912