This property looks like a bad Airbnb investment with a projected -21.73% first-year return on $159k initial cash invested.
-21.73%
Cash On Cash
1.59%
Cap Rate
0.24
DSCR
$2,981
Rent
-$2,876
Cashflow
Cash Flow
$2,981 income − $5,857 expenses = $2,876 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,707
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,981
Total Expenses
$5,857
Mortgage P&I
122%
$3,643
Property Taxes
18%
$541
Home Insurance
8%
$243
HOA
0%
$0
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$745