This property looks like a bad Airbnb investment with a projected -19.1% first-year return on $157k initial cash invested.
-19.1%
Cash On Cash
1.77%
Cap Rate
0.29
DSCR
$3,328
Rent
-$2,495
Cashflow
Cash Flow
$3,328 income − $5,823 expenses = $2,495 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,609
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,328
Total Expenses
$5,823
Mortgage P&I
100%
$3,335
Property Taxes
20%
$657
Home Insurance
7%
$234
HOA
0%
$0
Property Management
15%
$499
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$832