This property looks like a bad Airbnb investment with a projected -13.64% first-year return on $163k initial cash invested.
-13.64%
Cash On Cash
3.81%
Cap Rate
0.57
DSCR
$5,476
Rent
-$1,850
Cashflow
Cash Flow
$5,476 income − $7,326 expenses = $1,850 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,891
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,476
Total Expenses
$7,326
Mortgage P&I
70%
$3,818
Property Taxes
12%
$635
Home Insurance
4%
$245
HOA
0%
$0
Property Management
15%
$821
CapEx
4%
$219
Vacancy
0%
$0
Maintenance
4%
$219
Other
25%
$1,369