This property looks like a bad Airbnb investment with a projected -25.72% first-year return on $158k initial cash invested.
-25.72%
Cash On Cash
0.4%
Cap Rate
0.06
DSCR
$1,958
Rent
-$3,385
Cashflow
Cash Flow
$1,958 income − $5,343 expenses = $3,385 out of pocket
Investment Breakdown
|
Purchase Price
$666k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,662
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,958
Total Expenses
$5,343
Mortgage P&I
180%
$3,527
Property Taxes
31%
$614
Home Insurance
13%
$262
HOA
0%
$0
Property Management
15%
$294
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$490