This property looks like a bad Airbnb investment with a projected -16.2% first-year return on $164k initial cash invested.
-16.2%
Cash On Cash
2.52%
Cap Rate
0.41
DSCR
$3,907
Rent
-$2,214
Cashflow
Cash Flow
$3,907 income − $6,121 expenses = $2,214 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,907
Total Expenses
$6,121
Mortgage P&I
90%
$3,517
Property Taxes
12%
$486
Home Insurance
6%
$243
HOA
0%
$0
Property Management
15%
$586
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$977