This property looks like a bad Airbnb investment with a projected -21.3% first-year return on $162k initial cash invested.
-21.3%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$3,382
Rent
-$2,884
Cashflow
Cash Flow
$3,382 income − $6,266 expenses = $2,884 out of pocket
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$138k
Closing costs
1%
$6,880
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,382
Total Expenses
$6,266
Mortgage P&I
114%
$3,852
Property Taxes
16%
$546
Home Insurance
7%
$245
HOA
0%
$0
Property Management
15%
$507
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$846