This property looks like a bad Airbnb investment with a projected -15.86% first-year return on $162k initial cash invested.
-15.86%
Cash On Cash
3.21%
Cap Rate
0.48
DSCR
$4,630
Rent
-$2,145
Cashflow
Cash Flow
$4,630 income − $6,775 expenses = $2,145 out of pocket
Investment Breakdown
|
Purchase Price
$687k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,869
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,630
Total Expenses
$6,775
Mortgage P&I
82%
$3,798
Property Taxes
11%
$513
Home Insurance
5%
$242
HOA
0%
$0
Property Management
15%
$694
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,158