This property looks like a bad Airbnb investment with a projected -11.46% first-year return on $164k initial cash invested.
-11.46%
Cash On Cash
3.6%
Cap Rate
0.6
DSCR
$4,714
Rent
-$1,565
Cashflow
Cash Flow
$4,714 income − $6,279 expenses = $1,565 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,945
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,714
Total Expenses
$6,279
Mortgage P&I
73%
$3,460
Property Taxes
5%
$239
Home Insurance
5%
$254
HOA
1%
$63
Property Management
15%
$707
CapEx
4%
$189
Vacancy
0%
$0
Maintenance
4%
$189
Other
25%
$1,178