This property looks like a bad Airbnb investment with a projected -20.99% first-year return on $157k initial cash invested.
-20.99%
Cash On Cash
1.49%
Cap Rate
0.23
DSCR
$1,987
Rent
-$2,739
Cashflow
Cash Flow
$1,987 income − $4,726 expenses = $2,739 out of pocket
Investment Breakdown
|
Purchase Price
$660k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,599
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,987
Total Expenses
$4,726
Mortgage P&I
175%
$3,477
Property Taxes
3%
$65
Home Insurance
12%
$231
HOA
0%
$0
Property Management
15%
$298
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$497