This property looks like a bad Airbnb investment with a projected -23.58% first-year return on $156k initial cash invested.
-23.58%
Cash On Cash
0.63%
Cap Rate
0.1
DSCR
$1,695
Rent
-$3,065
Cashflow
Cash Flow
$1,695 income − $4,760 expenses = $3,065 out of pocket
Investment Breakdown
|
Purchase Price
$657k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,571
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,695
Total Expenses
$4,760
Mortgage P&I
197%
$3,340
Property Taxes
22%
$373
Home Insurance
14%
$233
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$424