This property looks like a bad Airbnb investment with a projected -30.93% first-year return on $160k initial cash invested.
-30.93%
Cash On Cash
-0.65%
Cap Rate
-0.1
DSCR
$1,921
Rent
-$4,117
Cashflow
Cash Flow
$1,921 income − $6,038 expenses = $4,117 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,921
Total Expenses
$6,038
Mortgage P&I
191%
$3,675
Property Taxes
63%
$1,205
Home Insurance
12%
$236
HOA
0%
$0
Property Management
15%
$288
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$480