This property looks like a bad Airbnb investment with a projected -17.39% first-year return on $157k initial cash invested.
-17.39%
Cash On Cash
2.26%
Cap Rate
0.37
DSCR
$3,913
Rent
-$2,274
Cashflow
Cash Flow
$3,913 income − $6,187 expenses = $2,274 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%
$6,613
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,913
Total Expenses
$6,187
Mortgage P&I
86%
$3,361
Property Taxes
18%
$713
Home Insurance
6%
$234
HOA
0%
$0
Property Management
15%
$587
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$978