This property looks like a bad Airbnb investment with a projected -16.71% first-year return on $165k initial cash invested.
-16.71%
Cash On Cash
2.62%
Cap Rate
0.42
DSCR
$3,990
Rent
-$2,295
Cashflow
Cash Flow
$3,990 income − $6,285 expenses = $2,295 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,990
Total Expenses
$6,285
Mortgage P&I
92%
$3,663
Property Taxes
12%
$461
Home Insurance
6%
$245
HOA
0%
$0
Property Management
15%
$598
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$998