This property looks like a bad Airbnb investment with a projected -14.58% first-year return on $158k initial cash invested.
-14.58%
Cash On Cash
2.99%
Cap Rate
0.48
DSCR
$3,639
Rent
-$1,925
Cashflow
Cash Flow
$3,639 income − $5,564 expenses = $1,925 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,639
Total Expenses
$5,564
Mortgage P&I
95%
$3,444
Property Taxes
4%
$138
Home Insurance
6%
$234
HOA
0%
$0
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$910