This property looks like a bad Airbnb investment with a projected -15.35% first-year return on $163k initial cash invested.
-15.35%
Cash On Cash
2.65%
Cap Rate
0.44
DSCR
$4,095
Rent
-$2,085
Cashflow
Cash Flow
$4,095 income − $6,180 expenses = $2,085 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,903
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,095
Total Expenses
$6,180
Mortgage P&I
84%
$3,445
Property Taxes
12%
$492
Home Insurance
6%
$245
HOA
1%
$32
Property Management
15%
$614
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,024