This property looks like a bad Airbnb investment with a projected -15.61% first-year return on $164k initial cash invested.
-15.61%
Cash On Cash
2.7%
Cap Rate
0.44
DSCR
$4,018
Rent
-$2,127
Cashflow
Cash Flow
$4,018 income − $6,145 expenses = $2,127 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,930
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,018
Total Expenses
$6,145
Mortgage P&I
88%
$3,525
Property Taxes
11%
$446
Home Insurance
6%
$245
HOA
0%
$0
Property Management
15%
$603
CapEx
4%
$161
Vacancy
0%
$0
Maintenance
4%
$161
Other
25%
$1,004