This property looks like a bad Airbnb investment with a projected -20.23% first-year return on $163k initial cash invested.
-20.23%
Cash On Cash
1.61%
Cap Rate
0.26
DSCR
$3,300
Rent
-$2,756
Cashflow
Cash Flow
$3,300 income − $6,056 expenses = $2,756 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$139k
Closing costs
1%
$6,928
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,300
Total Expenses
$6,056
Mortgage P&I
108%
$3,551
Property Taxes
21%
$678
Home Insurance
7%
$243
HOA
0%
$0
Property Management
15%
$495
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$825