This property looks like a bad Airbnb investment with a projected -15.95% first-year return on $160k initial cash invested.
-15.95%
Cash On Cash
3.13%
Cap Rate
0.47
DSCR
$4,306
Rent
-$2,125
Cashflow
Cash Flow
$4,306 income − $6,431 expenses = $2,125 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,757
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,306
Total Expenses
$6,431
Mortgage P&I
86%
$3,715
Property Taxes
9%
$405
Home Insurance
6%
$245
HOA
0%
$0
Property Management
15%
$646
CapEx
4%
$172
Vacancy
0%
$0
Maintenance
4%
$172
Other
25%
$1,076