This property looks like a bad Airbnb investment with a projected -21.73% first-year return on $157k initial cash invested.
-21.73%
Cash On Cash
1%
Cap Rate
0.17
DSCR
$2,101
Rent
-$2,844
Cashflow
Cash Flow
$2,101 income − $4,945 expenses = $2,844 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,621
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,101
Total Expenses
$4,945
Mortgage P&I
158%
$3,312
Property Taxes
19%
$389
Home Insurance
11%
$236
HOA
0%
$0
Property Management
15%
$315
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$525