This property looks like a bad Airbnb investment with a projected -18.5% first-year return on $160k initial cash invested.
-18.5%
Cash On Cash
1.96%
Cap Rate
0.32
DSCR
$3,509
Rent
-$2,463
Cashflow
Cash Flow
$3,509 income − $5,972 expenses = $2,463 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,509
Total Expenses
$5,972
Mortgage P&I
98%
$3,427
Property Taxes
18%
$626
Home Insurance
7%
$236
HOA
0%
$0
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$877