This property looks like a bad Airbnb investment with a projected -8.34% first-year return on $159k initial cash invested.
-8.34%
Cash On Cash
5.07%
Cap Rate
0.77
DSCR
$6,221
Rent
-$1,106
Cashflow
Cash Flow
$6,221 income − $7,327 expenses = $1,106 out of pocket
Investment Breakdown
|
Purchase Price
$672k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$134k
Closing costs
1%
$6,719
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,221
Total Expenses
$7,327
Mortgage P&I
59%
$3,694
Property Taxes
6%
$402
Home Insurance
4%
$245
HOA
0%
$0
Property Management
15%
$933
CapEx
4%
$249
Vacancy
0%
$0
Maintenance
4%
$249
Other
25%
$1,555