This property looks like a bad Airbnb investment with a projected -17.59% first-year return on $162k initial cash invested.
-17.59%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$4,918
Rent
-$2,379
Cashflow
Cash Flow
$4,918 income − $7,297 expenses = $2,379 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,873
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,918
Total Expenses
$7,297
Mortgage P&I
76%
$3,734
Property Taxes
16%
$770
Home Insurance
6%
$276
HOA
3%
$155
Property Management
15%
$738
CapEx
4%
$197
Vacancy
0%
$0
Maintenance
4%
$197
Other
25%
$1,230