This property looks like a bad Airbnb investment with a projected -16.96% first-year return on $157k initial cash invested.
-16.96%
Cash On Cash
2.64%
Cap Rate
0.42
DSCR
$4,761
Rent
-$2,217
Cashflow
Cash Flow
$4,761 income − $6,978 expenses = $2,217 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,613
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,761
Total Expenses
$6,978
Mortgage P&I
73%
$3,484
Property Taxes
21%
$986
Home Insurance
5%
$224
HOA
0%
$0
Property Management
15%
$714
CapEx
4%
$190
Vacancy
0%
$0
Maintenance
4%
$190
Other
25%
$1,190