This property looks like a bad Airbnb investment with a projected -22.74% first-year return on $155k initial cash invested.
-22.74%
Cash On Cash
1.36%
Cap Rate
0.21
DSCR
$2,269
Rent
-$2,947
Cashflow
Cash Flow
$2,269 income − $5,216 expenses = $2,947 out of pocket
Investment Breakdown
|
Purchase Price
$655k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$131k
Closing costs
1%
$6,547
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,269
Total Expenses
$5,216
Mortgage P&I
159%
$3,597
Property Taxes
13%
$303
Home Insurance
10%
$227
HOA
0%
$0
Property Management
15%
$340
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$567