This property looks like a bad Airbnb investment with a projected -13.95% first-year return on $165k initial cash invested.
-13.95%
Cash On Cash
2.96%
Cap Rate
0.49
DSCR
$3,823
Rent
-$1,913
Cashflow
Cash Flow
$3,823 income − $5,736 expenses = $1,913 out of pocket
Investment Breakdown
|
Purchase Price
$698k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,980
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,823
Total Expenses
$5,736
Mortgage P&I
91%
$3,484
Property Taxes
5%
$173
Home Insurance
6%
$244
HOA
0%
$0
Property Management
15%
$573
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$956