This property looks like a bad Airbnb investment with a projected -23.31% first-year return on $164k initial cash invested.
-23.31%
Cash On Cash
1.56%
Cap Rate
0.23
DSCR
$3,705
Rent
-$3,185
Cashflow
Cash Flow
$3,705 income − $6,890 expenses = $3,185 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,952
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,705
Total Expenses
$6,890
Mortgage P&I
106%
$3,940
Property Taxes
19%
$687
Home Insurance
7%
$245
HOA
6%
$240
Property Management
15%
$556
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$926