This property looks like a bad Airbnb investment with a projected -26.98% first-year return on $164k initial cash invested.
-26.98%
Cash On Cash
0.33%
Cap Rate
0.05
DSCR
$2,108
Rent
-$3,679
Cashflow
Cash Flow
$2,108 income − $5,787 expenses = $3,679 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,936
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,108
Total Expenses
$5,787
Mortgage P&I
179%
$3,783
Property Taxes
35%
$731
Home Insurance
12%
$262
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$527