This property looks like a bad Airbnb investment with a projected -19.28% first-year return on $158k initial cash invested.
-19.28%
Cash On Cash
1.72%
Cap Rate
0.28
DSCR
$2,819
Rent
-$2,531
Cashflow
Cash Flow
$2,819 income − $5,350 expenses = $2,531 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,645
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,819
Total Expenses
$5,350
Mortgage P&I
119%
$3,368
Property Taxes
14%
$383
Home Insurance
9%
$245
HOA
0%
$0
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$705