This property looks like a bad Airbnb investment with a projected -22.33% first-year return on $158k initial cash invested.
-22.33%
Cash On Cash
1.54%
Cap Rate
0.24
DSCR
$4,283
Rent
-$2,933
Cashflow
Cash Flow
$4,283 income − $7,216 expenses = $2,933 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,650
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,283
Total Expenses
$7,216
Mortgage P&I
84%
$3,613
Property Taxes
16%
$700
Home Insurance
5%
$220
HOA
15%
$628
Property Management
15%
$642
CapEx
4%
$171
Vacancy
0%
$0
Maintenance
4%
$171
Other
25%
$1,071