This property looks like a bad Airbnb investment with a projected -20.76% first-year return on $159k initial cash invested.
-20.76%
Cash On Cash
1.38%
Cap Rate
0.23
DSCR
$2,580
Rent
-$2,750
Cashflow
Cash Flow
$2,580 income − $5,330 expenses = $2,750 out of pocket
Investment Breakdown
|
Purchase Price
$671k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,712
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,580
Total Expenses
$5,330
Mortgage P&I
133%
$3,421
Property Taxes
17%
$430
Home Insurance
9%
$241
HOA
0%
$0
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$645