This property looks like a bad Airbnb investment with a projected -20.8% first-year return on $160k initial cash invested.
-20.8%
Cash On Cash
1.46%
Cap Rate
0.24
DSCR
$2,550
Rent
-$2,772
Cashflow
Cash Flow
$2,550 income − $5,322 expenses = $2,772 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,760
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,550
Total Expenses
$5,322
Mortgage P&I
137%
$3,494
Property Taxes
14%
$359
Home Insurance
10%
$245
HOA
0%
$0
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$638