This property looks like a bad Airbnb investment with a projected -5.74% first-year return on $159k initial cash invested.
-5.74%
Cash On Cash
5.24%
Cap Rate
0.86
DSCR
$7,296
Rent
-$759
Cashflow
Cash Flow
$7,296 income − $8,055 expenses = $759 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,693
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$7,296
Total Expenses
$8,055
Mortgage P&I
46%
$3,389
Property Taxes
13%
$930
Home Insurance
3%
$234
HOA
0%
$0
Property Management
15%
$1,094
CapEx
4%
$292
Vacancy
0%
$0
Maintenance
4%
$292
Other
25%
$1,824