This property looks like a bad Airbnb investment with a projected -23.66% first-year return on $163k initial cash invested.
-23.66%
Cash On Cash
0.96%
Cap Rate
0.15
DSCR
$2,380
Rent
-$3,209
Cashflow
Cash Flow
$2,380 income − $5,589 expenses = $3,209 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,893
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,380
Total Expenses
$5,589
Mortgage P&I
154%
$3,667
Property Taxes
23%
$538
Home Insurance
10%
$242
HOA
0%
$0
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$595