This property looks like a bad Airbnb investment with a projected -23.73% first-year return on $157k initial cash invested.
-23.73%
Cash On Cash
1.21%
Cap Rate
0.18
DSCR
$2,769
Rent
-$3,100
Cashflow
Cash Flow
$2,769 income − $5,869 expenses = $3,100 out of pocket
Investment Breakdown
|
Purchase Price
$661k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$132k
Closing costs
1%
$6,608
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,769
Total Expenses
$5,869
Mortgage P&I
132%
$3,655
Property Taxes
23%
$649
Home Insurance
9%
$236
HOA
0%
$0
Property Management
15%
$415
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$692