This property looks like a bad Airbnb investment with a projected -22.72% first-year return on $164k initial cash invested.
-22.72%
Cash On Cash
1.45%
Cap Rate
0.22
DSCR
$3,174
Rent
-$3,104
Cashflow
Cash Flow
$3,174 income − $6,278 expenses = $3,104 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,174
Total Expenses
$6,278
Mortgage P&I
120%
$3,816
Property Taxes
22%
$695
Home Insurance
8%
$243
HOA
0%
$0
Property Management
15%
$476
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$794