This property looks like a bad Airbnb investment with a projected -26.93% first-year return on $164k initial cash invested.
-26.93%
Cash On Cash
0.12%
Cap Rate
0.02
DSCR
$1,355
Rent
-$3,677
Cashflow
Cash Flow
$1,355 income − $5,032 expenses = $3,677 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,946
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,355
Total Expenses
$5,032
Mortgage P&I
272%
$3,692
Property Taxes
31%
$414
Home Insurance
20%
$276
HOA
0%
$0
Property Management
15%
$203
CapEx
4%
$54
Vacancy
0%
$0
Maintenance
4%
$54
Other
25%
$339