This property looks like a bad Airbnb investment with a projected -14.46% first-year return on $160k initial cash invested.
-14.46%
Cash On Cash
3.45%
Cap Rate
0.53
DSCR
$4,742
Rent
-$1,932
Cashflow
Cash Flow
$4,742 income − $6,674 expenses = $1,932 out of pocket
Investment Breakdown
|
Purchase Price
$678k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$136k
Closing costs
1%
$6,779
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,742
Total Expenses
$6,674
Mortgage P&I
78%
$3,692
Property Taxes
10%
$462
Home Insurance
5%
$243
HOA
0%
$0
Property Management
15%
$711
CapEx
4%
$190
Vacancy
0%
$0
Maintenance
4%
$190
Other
25%
$1,186