This property looks like a bad Airbnb investment with a projected -21.4% first-year return on $155k initial cash invested.
-21.4%
Cash On Cash
1.97%
Cap Rate
0.29
DSCR
$3,476
Rent
-$2,772
Cashflow
Cash Flow
$3,476 income − $6,248 expenses = $2,772 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,546
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,476
Total Expenses
$6,248
Mortgage P&I
107%
$3,710
Property Taxes
19%
$651
Home Insurance
6%
$219
HOA
0%
$0
Property Management
15%
$521
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$869