This property looks like a bad Airbnb investment with a projected -24.22% first-year return on $162k initial cash invested.
-24.22%
Cash On Cash
1.06%
Cap Rate
0.16
DSCR
$2,385
Rent
-$3,266
Cashflow
Cash Flow
$2,385 income − $5,651 expenses = $3,266 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,385
Total Expenses
$5,651
Mortgage P&I
158%
$3,776
Property Taxes
21%
$491
Home Insurance
10%
$240
HOA
0%
$0
Property Management
15%
$358
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$596