This property looks like a bad Airbnb investment with a projected -23.98% first-year return on $159k initial cash invested.
-23.98%
Cash On Cash
0.54%
Cap Rate
0.09
DSCR
$2,064
Rent
-$3,185
Cashflow
Cash Flow
$2,064 income − $5,249 expenses = $3,185 out of pocket
Investment Breakdown
|
Purchase Price
$673k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$135k
Closing costs
1%
$6,731
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,064
Total Expenses
$5,249
Mortgage P&I
165%
$3,407
Property Taxes
30%
$609
Home Insurance
12%
$241
HOA
0%
$0
Property Management
15%
$310
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$516