This property looks like a bad Airbnb investment with a projected -31.95% first-year return on $163k initial cash invested.
-31.95%
Cash On Cash
-1.22%
Cap Rate
-0.2
DSCR
$2,301
Rent
-$4,331
Cashflow
Cash Flow
$2,301 income − $6,632 expenses = $4,331 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,890
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,301
Total Expenses
$6,632
Mortgage P&I
154%
$3,541
Property Taxes
64%
$1,464
Home Insurance
10%
$241
HOA
12%
$282
Property Management
15%
$345
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$575