This property looks like a bad Airbnb investment with a projected -22.32% first-year return on $162k initial cash invested.
-22.32%
Cash On Cash
1.05%
Cap Rate
0.17
DSCR
$2,594
Rent
-$3,006
Cashflow
Cash Flow
$2,594 income − $5,600 expenses = $3,006 out of pocket
Investment Breakdown
|
Purchase Price
$684k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,837
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,594
Total Expenses
$5,600
Mortgage P&I
135%
$3,498
Property Taxes
24%
$615
Home Insurance
9%
$242
HOA
0%
$0
Property Management
15%
$389
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$648