This property looks like a bad Airbnb investment with a projected -20.91% first-year return on $160k initial cash invested.
-20.91%
Cash On Cash
1.31%
Cap Rate
0.22
DSCR
$2,686
Rent
-$2,780
Cashflow
Cash Flow
$2,686 income − $5,466 expenses = $2,780 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,740
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,686
Total Expenses
$5,466
Mortgage P&I
127%
$3,408
Property Taxes
20%
$526
Home Insurance
9%
$243
HOA
0%
$0
Property Management
15%
$403
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$672