This property looks like a bad Airbnb investment with a projected -23.82% first-year return on $156k initial cash invested.
-23.82%
Cash On Cash
1.17%
Cap Rate
0.18
DSCR
$3,505
Rent
-$3,101
Cashflow
Cash Flow
$3,505 income − $6,606 expenses = $3,101 out of pocket
Investment Breakdown
|
Purchase Price
$658k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,581
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,505
Total Expenses
$6,606
Mortgage P&I
103%
$3,600
Property Taxes
32%
$1,132
Home Insurance
5%
$192
HOA
0%
$0
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$876