This property looks like a bad Airbnb investment with a projected -27.96% first-year return on $158k initial cash invested.
-27.96%
Cash On Cash
-0.35%
Cap Rate
-0.06
DSCR
$2,131
Rent
-$3,693
Cashflow
Cash Flow
$2,131 income − $5,824 expenses = $3,693 out of pocket
Investment Breakdown
|
Purchase Price
$669k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$134k
Closing costs
1%
$6,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,131
Total Expenses
$5,824
Mortgage P&I
160%
$3,411
Property Taxes
54%
$1,156
Home Insurance
11%
$234
HOA
0%
$0
Property Management
15%
$320
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$533