This property looks like a bad Airbnb investment with a projected -22.84% first-year return on $159k initial cash invested.
-22.84%
Cash On Cash
1.31%
Cap Rate
0.2
DSCR
$2,203
Rent
-$3,024
Cashflow
Cash Flow
$2,203 income − $5,227 expenses = $3,024 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,710
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,203
Total Expenses
$5,227
Mortgage P&I
167%
$3,668
Property Taxes
7%
$155
Home Insurance
11%
$247
HOA
5%
$100
Property Management
15%
$330
CapEx
4%
$88
Vacancy
0%
$0
Maintenance
4%
$88
Other
25%
$551