This property looks like a bad Airbnb investment with a projected -17.74% first-year return on $158k initial cash invested.
-17.74%
Cash On Cash
2.13%
Cap Rate
0.35
DSCR
$2,905
Rent
-$2,330
Cashflow
Cash Flow
$2,905 income − $5,235 expenses = $2,330 out of pocket
Investment Breakdown
|
Purchase Price
$665k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,648
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,905
Total Expenses
$5,235
Mortgage P&I
117%
$3,396
Property Taxes
7%
$202
Home Insurance
8%
$243
HOA
0%
$0
Property Management
15%
$436
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$726