This property looks like a bad Airbnb investment with a projected -17.88% first-year return on $163k initial cash invested.
-17.88%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$4,352
Rent
-$2,426
Cashflow
Cash Flow
$4,352 income − $6,778 expenses = $2,426 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,897
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,352
Total Expenses
$6,778
Mortgage P&I
85%
$3,706
Property Taxes
17%
$738
Home Insurance
6%
$245
HOA
0%
$0
Property Management
15%
$653
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,088