This property looks like a bad Airbnb investment with a projected -26.07% first-year return on $660k initial cash invested.
-26.07%
Cash On Cash
0.64%
Cap Rate
0.1
DSCR
$6,647
Rent
-$14,345
Cashflow
Cash Flow
$6,647 income − $20,992 expenses = $14,345 out of pocket
Investment Breakdown
|
Purchase Price
$3058k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$660k
Downpayment
20%
$612k
Closing costs
1%
$30,583
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,647
Total Expenses
$20,992
Mortgage P&I
236%
$15,703
Property Taxes
15%
$978
Home Insurance
17%
$1,120
HOA
0%
$0
Property Management
15%
$997
CapEx
4%
$266
Vacancy
0%
$0
Maintenance
4%
$266
Other
25%
$1,662