This property looks like a bad Airbnb investment with a projected -19.52% first-year return on $157k initial cash invested.
-19.52%
Cash On Cash
1.98%
Cap Rate
0.31
DSCR
$3,733
Rent
-$2,552
Cashflow
Cash Flow
$3,733 income − $6,285 expenses = $2,552 out of pocket
Investment Breakdown
|
Purchase Price
$662k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,615
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,733
Total Expenses
$6,285
Mortgage P&I
94%
$3,495
Property Taxes
17%
$634
Home Insurance
6%
$240
HOA
3%
$125
Property Management
15%
$560
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$933