This property looks like a bad Airbnb investment with a projected -18.59% first-year return on $160k initial cash invested.
-18.59%
Cash On Cash
2.6%
Cap Rate
0.39
DSCR
$3,896
Rent
-$2,477
Cashflow
Cash Flow
$3,896 income − $6,373 expenses = $2,477 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,757
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,896
Total Expenses
$6,373
Mortgage P&I
97%
$3,783
Property Taxes
13%
$504
Home Insurance
5%
$210
HOA
0%
$6
Property Management
15%
$584
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$974