This property looks like a bad Airbnb investment with a projected -13.38% first-year return on $158k initial cash invested.
-13.38%
Cash On Cash
3.38%
Cap Rate
0.55
DSCR
$4,953
Rent
-$1,765
Cashflow
Cash Flow
$4,953 income − $6,718 expenses = $1,765 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,683
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,953
Total Expenses
$6,718
Mortgage P&I
70%
$3,447
Property Taxes
13%
$658
Home Insurance
5%
$236
HOA
0%
$0
Property Management
15%
$743
CapEx
4%
$198
Vacancy
0%
$0
Maintenance
4%
$198
Other
25%
$1,238