This property looks like a bad Airbnb investment with a projected -15.12% first-year return on $161k initial cash invested.
-15.12%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$3,833
Rent
-$2,029
Cashflow
Cash Flow
$3,833 income − $5,862 expenses = $2,029 out of pocket
Investment Breakdown
|
Purchase Price
$681k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,811
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,833
Total Expenses
$5,862
Mortgage P&I
90%
$3,463
Property Taxes
8%
$315
Home Insurance
6%
$245
HOA
0%
$0
Property Management
15%
$575
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$958