This property looks like a bad Airbnb investment with a projected -18.47% first-year return on $164k initial cash invested.
-18.47%
Cash On Cash
2.35%
Cap Rate
0.36
DSCR
$2,938
Rent
-$2,530
Cashflow
Cash Flow
$2,938 income − $5,468 expenses = $2,530 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,970
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,938
Total Expenses
$5,468
Mortgage P&I
128%
$3,775
Property Taxes
1%
$38
Home Insurance
8%
$244
HOA
0%
$0
Property Management
15%
$441
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$734