This property looks like a bad Airbnb investment with a projected -29.67% first-year return on $161k initial cash invested.
-29.67%
Cash On Cash
-0.27%
Cap Rate
-0.04
DSCR
$1,549
Rent
-$3,975
Cashflow
Cash Flow
$1,549 income − $5,524 expenses = $3,975 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,549
Total Expenses
$5,524
Mortgage P&I
243%
$3,760
Property Taxes
51%
$783
Home Insurance
15%
$238
HOA
0%
$0
Property Management
15%
$232
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$387