This property looks like a bad Airbnb investment with a projected -17.75% first-year return on $156k initial cash invested.
-17.75%
Cash On Cash
2.06%
Cap Rate
0.34
DSCR
$3,361
Rent
-$2,309
Cashflow
Cash Flow
$3,361 income − $5,670 expenses = $2,309 out of pocket
Investment Breakdown
|
Purchase Price
$658k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$132k
Closing costs
1%
$6,576
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,361
Total Expenses
$5,670
Mortgage P&I
98%
$3,304
Property Taxes
12%
$399
Home Insurance
7%
$234
HOA
4%
$121
Property Management
15%
$504
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$840