This property looks like a bad Airbnb investment with a projected -29.74% first-year return on $690k initial cash invested.
-29.74%
Cash On Cash
-0.06%
Cap Rate
-0.01
DSCR
$2,471
Rent
-$17,094
Cashflow
Cash Flow
$2,471 income − $19,565 expenses = $17,094 out of pocket
Investment Breakdown
|
Purchase Price
$3199k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$690k
Downpayment
20%
$640k
Closing costs
1%
$31,990
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$2,471
Total Expenses
$19,565
Mortgage P&I
681%
$16,838
Property Taxes
17%
$420
Home Insurance
45%
$1,120
HOA
0%
$0
Property Management
15%
$371
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$618