This property looks like a bad Airbnb investment with a projected -20.97% first-year return on $162k initial cash invested.
-20.97%
Cash On Cash
1.84%
Cap Rate
0.28
DSCR
$3,242
Rent
-$2,823
Cashflow
Cash Flow
$3,242 income − $6,065 expenses = $2,823 out of pocket
Investment Breakdown
|
Purchase Price
$684k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,836
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,242
Total Expenses
$6,065
Mortgage P&I
115%
$3,744
Property Taxes
14%
$465
Home Insurance
8%
$245
HOA
2%
$55
Property Management
15%
$486
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$810