This property looks like a bad Airbnb investment with a projected -25.26% first-year return on $166k initial cash invested.
-25.26%
Cash On Cash
0.35%
Cap Rate
0.05
DSCR
$1,839
Rent
-$3,489
Cashflow
Cash Flow
$1,839 income − $5,328 expenses = $3,489 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$135k
Closing costs
1%
$6,750
Rehab
0%
$0
Furnishing
4%
$24,000
Cashflow
Total Income
$1,839
Total Expenses
$5,328
Mortgage P&I
196%
$3,610
Property Taxes
33%
$598
Home Insurance
13%
$236
HOA
0%
$0
Property Management
15%
$276
CapEx
4%
$74
Vacancy
0%
$0
Maintenance
4%
$74
Other
25%
$460