This property looks like a bad Airbnb investment with a projected -18.29% first-year return on $157k initial cash invested.
-18.29%
Cash On Cash
1.94%
Cap Rate
0.32
DSCR
$2,606
Rent
-$2,394
Cashflow
Cash Flow
$2,606 income − $5,000 expenses = $2,394 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,624
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,606
Total Expenses
$5,000
Mortgage P&I
129%
$3,363
Property Taxes
6%
$146
Home Insurance
9%
$240
HOA
0%
$0
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$652