This property looks like a bad Airbnb investment with a projected -27.05% first-year return on $159k initial cash invested.
-27.05%
Cash On Cash
0.24%
Cap Rate
0.04
DSCR
$1,657
Rent
-$3,578
Cashflow
Cash Flow
$1,657 income − $5,235 expenses = $3,578 out of pocket
Investment Breakdown
|
Purchase Price
$670k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,700
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,657
Total Expenses
$5,235
Mortgage P&I
220%
$3,648
Property Taxes
34%
$558
Home Insurance
14%
$234
HOA
0%
$0
Property Management
15%
$249
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$414