This property looks like a bad Airbnb investment with a projected -17.93% first-year return on $164k initial cash invested.
-17.93%
Cash On Cash
2.25%
Cap Rate
0.36
DSCR
$4,522
Rent
-$2,451
Cashflow
Cash Flow
$4,522 income − $6,973 expenses = $2,451 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,956
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,522
Total Expenses
$6,973
Mortgage P&I
79%
$3,574
Property Taxes
22%
$984
Home Insurance
5%
$245
HOA
0%
$0
Property Management
15%
$678
CapEx
4%
$181
Vacancy
0%
$0
Maintenance
4%
$181
Other
25%
$1,130