This property looks like a bad Airbnb investment with a projected -10.04% first-year return on $163k initial cash invested.
-10.04%
Cash On Cash
4.58%
Cap Rate
0.7
DSCR
$5,602
Rent
-$1,364
Cashflow
Cash Flow
$5,602 income − $6,966 expenses = $1,364 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,905
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,602
Total Expenses
$6,966
Mortgage P&I
67%
$3,776
Property Taxes
3%
$189
Home Insurance
4%
$248
HOA
1%
$65
Property Management
15%
$840
CapEx
4%
$224
Vacancy
0%
$0
Maintenance
4%
$224
Other
25%
$1,400