This property looks like a bad Airbnb investment with a projected -21.69% first-year return on $162k initial cash invested.
-21.69%
Cash On Cash
1.09%
Cap Rate
0.18
DSCR
$2,661
Rent
-$2,926
Cashflow
Cash Flow
$2,661 income − $5,587 expenses = $2,926 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,851
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,661
Total Expenses
$5,587
Mortgage P&I
129%
$3,442
Property Taxes
23%
$616
Home Insurance
9%
$245
HOA
0%
$8
Property Management
15%
$399
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$665