This property looks like a bad Airbnb investment with a projected -22.11% first-year return on $163k initial cash invested.
-22.11%
Cash On Cash
0.96%
Cap Rate
0.16
DSCR
$2,922
Rent
-$3,001
Cashflow
Cash Flow
$2,922 income − $5,923 expenses = $3,001 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,898
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$5,923
Mortgage P&I
118%
$3,434
Property Taxes
29%
$842
Home Insurance
8%
$245
HOA
0%
$0
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730