This property looks like a bad Airbnb investment with a projected -17.41% first-year return on $156k initial cash invested.
-17.41%
Cash On Cash
2.06%
Cap Rate
0.34
DSCR
$2,800
Rent
-$2,268
Cashflow
Cash Flow
$2,800 income − $5,068 expenses = $2,268 out of pocket
Investment Breakdown
|
Purchase Price
$659k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,588
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,800
Total Expenses
$5,068
Mortgage P&I
117%
$3,288
Property Taxes
7%
$193
Home Insurance
9%
$243
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700