This property looks like a bad Airbnb investment with a projected -18.39% first-year return on $158k initial cash invested.
-18.39%
Cash On Cash
2.54%
Cap Rate
0.38
DSCR
$4,039
Rent
-$2,424
Cashflow
Cash Flow
$4,039 income − $6,463 expenses = $2,424 out of pocket
Investment Breakdown
|
Purchase Price
$668k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,675
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,039
Total Expenses
$6,463
Mortgage P&I
91%
$3,675
Property Taxes
15%
$610
Home Insurance
6%
$238
HOA
0%
$0
Property Management
15%
$606
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,010