This property looks like a bad Airbnb investment with a projected -21.23% first-year return on $161k initial cash invested.
-21.23%
Cash On Cash
1.39%
Cap Rate
0.23
DSCR
$3,402
Rent
-$2,857
Cashflow
Cash Flow
$3,402 income − $6,259 expenses = $2,857 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$137k
Closing costs
1%
$6,833
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,402
Total Expenses
$6,259
Mortgage P&I
103%
$3,512
Property Taxes
19%
$640
Home Insurance
7%
$245
HOA
7%
$230
Property Management
15%
$510
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$850