This property looks like a bad Airbnb investment with a projected -16.04% first-year return on $155k initial cash invested.
-16.04%
Cash On Cash
2.54%
Cap Rate
0.42
DSCR
$3,299
Rent
-$2,073
Cashflow
Cash Flow
$3,299 income − $5,372 expenses = $2,073 out of pocket
Investment Breakdown
|
Purchase Price
$653k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,526
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,299
Total Expenses
$5,372
Mortgage P&I
101%
$3,320
Property Taxes
7%
$228
Home Insurance
7%
$240
HOA
0%
$0
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$825