This property looks like a bad Airbnb investment with a projected -26.27% first-year return on $162k initial cash invested.
-26.27%
Cash On Cash
0.41%
Cap Rate
0.06
DSCR
$1,964
Rent
-$3,545
Cashflow
Cash Flow
$1,964 income − $5,509 expenses = $3,545 out of pocket
Investment Breakdown
|
Purchase Price
$686k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,855
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,964
Total Expenses
$5,509
Mortgage P&I
189%
$3,703
Property Taxes
31%
$617
Home Insurance
12%
$245
HOA
0%
$0
Property Management
15%
$295
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$491