This property looks like a bad Airbnb investment with a projected -17.56% first-year return on $163k initial cash invested.
-17.56%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$4,303
Rent
-$2,385
Cashflow
Cash Flow
$4,303 income − $6,688 expenses = $2,385 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,904
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,303
Total Expenses
$6,688
Mortgage P&I
87%
$3,755
Property Taxes
14%
$623
Home Insurance
6%
$245
HOA
0%
$0
Property Management
15%
$645
CapEx
4%
$172
Vacancy
0%
$0
Maintenance
4%
$172
Other
25%
$1,076