This property looks like a bad Airbnb investment with a projected -27.9% first-year return on $165k initial cash invested.
-27.9%
Cash On Cash
-0.37%
Cap Rate
-0.06
DSCR
$1,983
Rent
-$3,832
Cashflow
Cash Flow
$1,983 income − $5,815 expenses = $3,832 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%
$6,992
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,983
Total Expenses
$5,815
Mortgage P&I
179%
$3,540
Property Taxes
54%
$1,079
Home Insurance
12%
$245
HOA
0%
$0
Property Management
15%
$297
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$496