This property looks like a bad Airbnb investment with a projected -18.06% first-year return on $164k initial cash invested.
-18.06%
Cash On Cash
2.56%
Cap Rate
0.39
DSCR
$4,300
Rent
-$2,463
Cashflow
Cash Flow
$4,300 income − $6,763 expenses = $2,463 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,936
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,300
Total Expenses
$6,763
Mortgage P&I
88%
$3,772
Property Taxes
16%
$682
Home Insurance
6%
$245
HOA
0%
$0
Property Management
15%
$645
CapEx
4%
$172
Vacancy
0%
$0
Maintenance
4%
$172
Other
25%
$1,075