This property looks like a bad Airbnb investment with a projected -20.59% first-year return on $163k initial cash invested.
-20.59%
Cash On Cash
1.62%
Cap Rate
0.26
DSCR
$3,065
Rent
-$2,801
Cashflow
Cash Flow
$3,065 income − $5,866 expenses = $2,801 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,917
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,065
Total Expenses
$5,866
Mortgage P&I
118%
$3,612
Property Taxes
16%
$482
Home Insurance
8%
$245
HOA
2%
$55
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$766