This property looks like a bad Airbnb investment with a projected -20.91% first-year return on $161k initial cash invested.
-20.91%
Cash On Cash
1.89%
Cap Rate
0.29
DSCR
$3,462
Rent
-$2,798
Cashflow
Cash Flow
$3,462 income − $6,260 expenses = $2,798 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,462
Total Expenses
$6,260
Mortgage P&I
108%
$3,727
Property Taxes
18%
$634
Home Insurance
7%
$238
HOA
0%
$0
Property Management
15%
$519
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$866