This property looks like a bad Airbnb investment with a projected -22.89% first-year return on $157k initial cash invested.
-22.89%
Cash On Cash
0.86%
Cap Rate
0.14
DSCR
$1,931
Rent
-$2,996
Cashflow
Cash Flow
$1,931 income − $4,927 expenses = $2,996 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,622
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,931
Total Expenses
$4,927
Mortgage P&I
176%
$3,392
Property Taxes
17%
$322
Home Insurance
12%
$236
HOA
3%
$50
Property Management
15%
$290
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$483