This property looks like a bad Airbnb investment with a projected -21.15% first-year return on $156k initial cash invested.
-21.15%
Cash On Cash
1.78%
Cap Rate
0.27
DSCR
$3,504
Rent
-$2,741
Cashflow
Cash Flow
$3,504 income − $6,245 expenses = $2,741 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$131k
Closing costs
1%
$6,550
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,504
Total Expenses
$6,245
Mortgage P&I
102%
$3,570
Property Taxes
22%
$757
Home Insurance
7%
$236
HOA
0%
$0
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$876