This property looks like a bad Airbnb investment with a projected -15.76% first-year return on $163k initial cash invested.
-15.76%
Cash On Cash
2.67%
Cap Rate
0.44
DSCR
$4,232
Rent
-$2,143
Cashflow
Cash Flow
$4,232 income − $6,375 expenses = $2,143 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,912
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,232
Total Expenses
$6,375
Mortgage P&I
83%
$3,513
Property Taxes
14%
$588
Home Insurance
6%
$243
HOA
0%
$0
Property Management
15%
$635
CapEx
4%
$169
Vacancy
0%
$0
Maintenance
4%
$169
Other
25%
$1,058