This property looks like a bad Airbnb investment with a projected -22.33% first-year return on $163k initial cash invested.
-22.33%
Cash On Cash
1.81%
Cap Rate
0.26
DSCR
$2,712
Rent
-$3,033
Cashflow
Cash Flow
$2,712 income − $5,745 expenses = $3,033 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,903
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,712
Total Expenses
$5,745
Mortgage P&I
146%
$3,964
Property Taxes
8%
$224
Home Insurance
9%
$256
HOA
0%
$0
Property Management
15%
$407
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$678