This property looks like a bad Airbnb investment with a projected -23.97% first-year return on $163k initial cash invested.
-23.97%
Cash On Cash
1.36%
Cap Rate
0.2
DSCR
$3,061
Rent
-$3,262
Cashflow
Cash Flow
$3,061 income − $6,323 expenses = $3,262 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,919
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,061
Total Expenses
$6,323
Mortgage P&I
128%
$3,922
Property Taxes
22%
$688
Home Insurance
8%
$245
HOA
0%
$0
Property Management
15%
$459
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$765