This property looks like a bad Airbnb investment with a projected -17.71% first-year return on $164k initial cash invested.
-17.71%
Cash On Cash
2.19%
Cap Rate
0.36
DSCR
$3,733
Rent
-$2,419
Cashflow
Cash Flow
$3,733 income − $6,152 expenses = $2,419 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,949
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,733
Total Expenses
$6,152
Mortgage P&I
95%
$3,538
Property Taxes
16%
$579
Home Insurance
7%
$244
HOA
0%
$0
Property Management
15%
$560
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$933