This property looks like a bad Airbnb investment with a projected -23.03% first-year return on $164k initial cash invested.
-23.03%
Cash On Cash
1.1%
Cap Rate
0.17
DSCR
$2,849
Rent
-$3,144
Cashflow
Cash Flow
$2,849 income − $5,993 expenses = $3,144 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,945
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,849
Total Expenses
$5,993
Mortgage P&I
129%
$3,664
Property Taxes
25%
$719
Home Insurance
9%
$243
HOA
0%
$0
Property Management
15%
$427
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712