This property looks like a bad Airbnb investment with a projected -16.62% first-year return on $165k initial cash invested.
-16.62%
Cash On Cash
2.39%
Cap Rate
0.39
DSCR
$3,098
Rent
-$2,282
Cashflow
Cash Flow
$3,098 income − $5,380 expenses = $2,282 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$5,380
Mortgage P&I
115%
$3,551
Property Taxes
3%
$92
Home Insurance
8%
$250
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$774