This property looks like a bad Airbnb investment with a projected -18.73% first-year return on $160k initial cash invested.
-18.73%
Cash On Cash
2.01%
Cap Rate
0.32
DSCR
$3,485
Rent
-$2,498
Cashflow
Cash Flow
$3,485 income − $5,983 expenses = $2,498 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,763
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,485
Total Expenses
$5,983
Mortgage P&I
100%
$3,489
Property Taxes
17%
$584
Home Insurance
7%
$238
HOA
0%
$0
Property Management
15%
$523
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$871