This property looks like a bad Airbnb investment with a projected -14.42% first-year return on $160k initial cash invested.
-14.42%
Cash On Cash
3.04%
Cap Rate
0.49
DSCR
$4,000
Rent
-$1,925
Cashflow
Cash Flow
$4,000 income − $5,925 expenses = $1,925 out of pocket
Investment Breakdown
|
Purchase Price
$677k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,771
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,000
Total Expenses
$5,925
Mortgage P&I
87%
$3,478
Property Taxes
8%
$310
Home Insurance
5%
$217
HOA
0%
$0
Property Management
15%
$600
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$1,000