This property looks like a bad Airbnb investment with a projected -21.57% first-year return on $163k initial cash invested.
-21.57%
Cash On Cash
1.64%
Cap Rate
0.25
DSCR
$2,516
Rent
-$2,934
Cashflow
Cash Flow
$2,516 income − $5,450 expenses = $2,934 out of pocket
Investment Breakdown
|
Purchase Price
$692k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,916
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,516
Total Expenses
$5,450
Mortgage P&I
150%
$3,780
Property Taxes
8%
$208
Home Insurance
10%
$254
HOA
0%
$0
Property Management
15%
$377
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$629