This property looks like a bad Airbnb investment with a projected -21.06% first-year return on $162k initial cash invested.
-21.06%
Cash On Cash
1.86%
Cap Rate
0.28
DSCR
$3,320
Rent
-$2,847
Cashflow
Cash Flow
$3,320 income − $6,167 expenses = $2,847 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,866
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,320
Total Expenses
$6,167
Mortgage P&I
114%
$3,781
Property Taxes
16%
$530
Home Insurance
8%
$262
HOA
0%
$0
Property Management
15%
$498
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$830