This property looks like a bad Airbnb investment with a projected -14.66% first-year return on $162k initial cash invested.
-14.66%
Cash On Cash
2.79%
Cap Rate
0.47
DSCR
$3,692
Rent
-$1,983
Cashflow
Cash Flow
$3,692 income − $5,675 expenses = $1,983 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,874
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,692
Total Expenses
$5,675
Mortgage P&I
93%
$3,431
Property Taxes
6%
$214
Home Insurance
7%
$257
HOA
0%
$0
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$923