This property looks like a bad Airbnb investment with a projected -21.83% first-year return on $159k initial cash invested.
-21.83%
Cash On Cash
1.62%
Cap Rate
0.25
DSCR
$2,812
Rent
-$2,884
Cashflow
Cash Flow
$2,812 income − $5,696 expenses = $2,884 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,693
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,812
Total Expenses
$5,696
Mortgage P&I
131%
$3,673
Property Taxes
10%
$290
Home Insurance
8%
$234
HOA
5%
$150
Property Management
15%
$422
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$703