This property looks like a bad Airbnb investment with a projected -15.78% first-year return on $165k initial cash invested.
-15.78%
Cash On Cash
2.66%
Cap Rate
0.43
DSCR
$3,744
Rent
-$2,167
Cashflow
Cash Flow
$3,744 income − $5,911 expenses = $2,167 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,744
Total Expenses
$5,911
Mortgage P&I
95%
$3,568
Property Taxes
8%
$300
Home Insurance
7%
$245
HOA
0%
$0
Property Management
15%
$562
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$936