This property looks like a bad Airbnb investment with a projected -21.78% first-year return on $159k initial cash invested.
-21.78%
Cash On Cash
1.88%
Cap Rate
0.28
DSCR
$3,369
Rent
-$2,886
Cashflow
Cash Flow
$3,369 income − $6,255 expenses = $2,886 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,714
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,369
Total Expenses
$6,255
Mortgage P&I
113%
$3,805
Property Taxes
18%
$595
Home Insurance
7%
$238
HOA
0%
$0
Property Management
15%
$505
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$842