This property looks like a bad Airbnb investment with a projected -23.96% first-year return on $158k initial cash invested.
-23.96%
Cash On Cash
0.62%
Cap Rate
0.1
DSCR
$2,502
Rent
-$3,151
Cashflow
Cash Flow
$2,502 income − $5,653 expenses = $3,151 out of pocket
Investment Breakdown
|
Purchase Price
$666k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,658
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,502
Total Expenses
$5,653
Mortgage P&I
136%
$3,393
Property Taxes
25%
$631
Home Insurance
10%
$238
HOA
8%
$190
Property Management
15%
$375
CapEx
4%
$100
Vacancy
0%
$0
Maintenance
4%
$100
Other
25%
$626