This property looks like a bad Airbnb investment with a projected -18.15% first-year return on $156k initial cash invested.
-18.15%
Cash On Cash
2.12%
Cap Rate
0.34
DSCR
$3,598
Rent
-$2,366
Cashflow
Cash Flow
$3,598 income − $5,964 expenses = $2,366 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,590
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,598
Total Expenses
$5,964
Mortgage P&I
94%
$3,384
Property Taxes
17%
$621
Home Insurance
6%
$231
HOA
0%
$0
Property Management
15%
$540
CapEx
4%
$144
Vacancy
0%
$0
Maintenance
4%
$144
Other
25%
$900