This property looks like a bad Airbnb investment with a projected -26.17% first-year return on $162k initial cash invested.
-26.17%
Cash On Cash
0.61%
Cap Rate
0.09
DSCR
$2,162
Rent
-$3,523
Cashflow
Cash Flow
$2,162 income − $5,685 expenses = $3,523 out of pocket
Investment Breakdown
|
Purchase Price
$684k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,835
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,162
Total Expenses
$5,685
Mortgage P&I
175%
$3,787
Property Taxes
29%
$617
Home Insurance
11%
$245
HOA
0%
$0
Property Management
15%
$324
CapEx
4%
$86
Vacancy
0%
$0
Maintenance
4%
$86
Other
25%
$540