This property looks like a bad Airbnb investment with a projected -16.66% first-year return on $161k initial cash invested.
-16.66%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$5,197
Rent
-$2,238
Cashflow
Cash Flow
$5,197 income − $7,435 expenses = $2,238 out of pocket
Investment Breakdown
|
Purchase Price
$682k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,818
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,197
Total Expenses
$7,435
Mortgage P&I
73%
$3,778
Property Taxes
13%
$682
Home Insurance
5%
$245
HOA
5%
$235
Property Management
15%
$780
CapEx
4%
$208
Vacancy
0%
$0
Maintenance
4%
$208
Other
25%
$1,299