This property looks like a bad Airbnb investment with a projected -11.51% first-year return on $162k initial cash invested.
-11.51%
Cash On Cash
4.23%
Cap Rate
0.64
DSCR
$5,322
Rent
-$1,553
Cashflow
Cash Flow
$5,322 income − $6,875 expenses = $1,553 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,322
Total Expenses
$6,875
Mortgage P&I
71%
$3,754
Property Taxes
6%
$327
Home Insurance
5%
$240
HOA
0%
$0
Property Management
15%
$798
CapEx
4%
$213
Vacancy
0%
$0
Maintenance
4%
$213
Other
25%
$1,330