This property looks like a bad Airbnb investment with a projected -22.79% first-year return on $156k initial cash invested.
-22.79%
Cash On Cash
0.98%
Cap Rate
0.16
DSCR
$3,693
Rent
-$2,966
Cashflow
Cash Flow
$3,693 income − $6,659 expenses = $2,966 out of pocket
Investment Breakdown
|
Purchase Price
$658k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,693
Total Expenses
$6,659
Mortgage P&I
91%
$3,355
Property Taxes
28%
$1,048
Home Insurance
6%
$231
HOA
7%
$252
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$923