This property looks like a bad Airbnb investment with a projected -21.26% first-year return on $161k initial cash invested.
-21.26%
Cash On Cash
1.19%
Cap Rate
0.2
DSCR
$2,738
Rent
-$2,859
Cashflow
Cash Flow
$2,738 income − $5,597 expenses = $2,859 out of pocket
Investment Breakdown
|
Purchase Price
$683k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$137k
Closing costs
1%
$6,827
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,738
Total Expenses
$5,597
Mortgage P&I
125%
$3,424
Property Taxes
22%
$613
Home Insurance
9%
$245
HOA
0%
$0
Property Management
15%
$411
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$684