This property looks like a bad Airbnb investment with a projected -22.14% first-year return on $156k initial cash invested.
-22.14%
Cash On Cash
1.47%
Cap Rate
0.23
DSCR
$2,850
Rent
-$2,882
Cashflow
Cash Flow
$2,850 income − $5,732 expenses = $2,882 out of pocket
Investment Breakdown
|
Purchase Price
$658k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,580
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,850
Total Expenses
$5,732
Mortgage P&I
125%
$3,575
Property Taxes
20%
$559
Home Insurance
8%
$230
HOA
0%
$0
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712