This property looks like a bad Airbnb investment with a projected -17.98% first-year return on $161k initial cash invested.
-17.98%
Cash On Cash
2.35%
Cap Rate
0.37
DSCR
$3,441
Rent
-$2,405
Cashflow
Cash Flow
$3,441 income − $5,846 expenses = $2,405 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,788
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,441
Total Expenses
$5,846
Mortgage P&I
105%
$3,596
Property Taxes
4%
$135
Home Insurance
7%
$238
HOA
7%
$225
Property Management
15%
$516
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$860