This property looks like a bad Airbnb investment with a projected -10.99% first-year return on $162k initial cash invested.
-10.99%
Cash On Cash
4.09%
Cap Rate
0.65
DSCR
$5,765
Rent
-$1,486
Cashflow
Cash Flow
$5,765 income − $7,251 expenses = $1,486 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,871
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,765
Total Expenses
$7,251
Mortgage P&I
62%
$3,596
Property Taxes
11%
$642
Home Insurance
4%
$245
HOA
0%
$0
Property Management
15%
$865
CapEx
4%
$231
Vacancy
0%
$0
Maintenance
4%
$231
Other
25%
$1,441