This property looks like a bad Airbnb investment with a projected -17.53% first-year return on $162k initial cash invested.
-17.53%
Cash On Cash
2.42%
Cap Rate
0.38
DSCR
$3,516
Rent
-$2,364
Cashflow
Cash Flow
$3,516 income − $5,880 expenses = $2,364 out of pocket
Investment Breakdown
|
Purchase Price
$685k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,850
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,516
Total Expenses
$5,880
Mortgage P&I
103%
$3,605
Property Taxes
10%
$347
Home Insurance
7%
$240
HOA
0%
$0
Property Management
15%
$527
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$879