This property looks like a bad Airbnb investment with a projected -15.57% first-year return on $162k initial cash invested.
-15.57%
Cash On Cash
2.84%
Cap Rate
0.46
DSCR
$4,604
Rent
-$2,107
Cashflow
Cash Flow
$4,604 income − $6,711 expenses = $2,107 out of pocket
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$138k
Closing costs
1%
$6,878
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,604
Total Expenses
$6,711
Mortgage P&I
77%
$3,548
Property Taxes
15%
$701
Home Insurance
5%
$252
HOA
0%
$0
Property Management
15%
$691
CapEx
4%
$184
Vacancy
0%
$0
Maintenance
4%
$184
Other
25%
$1,151