This property looks like a bad Airbnb investment with a projected -22.9% first-year return on $158k initial cash invested.
-22.9%
Cash On Cash
1.6%
Cap Rate
0.24
DSCR
$3,168
Rent
-$3,010
Cashflow
Cash Flow
$3,168 income − $6,178 expenses = $3,010 out of pocket
Investment Breakdown
|
Purchase Price
$666k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$133k
Closing costs
1%
$6,655
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,168
Total Expenses
$6,178
Mortgage P&I
119%
$3,772
Property Taxes
20%
$645
Home Insurance
8%
$240
HOA
0%
$0
Property Management
15%
$475
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$792