This property looks like a bad Airbnb investment with a projected -25.2% first-year return on $157k initial cash invested.
-25.2%
Cash On Cash
0.48%
Cap Rate
0.08
DSCR
$2,532
Rent
-$3,298
Cashflow
Cash Flow
$2,532 income − $5,830 expenses = $3,298 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,620
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,532
Total Expenses
$5,830
Mortgage P&I
137%
$3,464
Property Taxes
24%
$611
Home Insurance
9%
$219
HOA
13%
$321
Property Management
15%
$380
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$633