This property looks like a bad Airbnb investment with a projected -19.51% first-year return on $164k initial cash invested.
-19.51%
Cash On Cash
1.78%
Cap Rate
0.29
DSCR
$3,721
Rent
-$2,668
Cashflow
Cash Flow
$3,721 income − $6,389 expenses = $2,668 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,956
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,721
Total Expenses
$6,389
Mortgage P&I
95%
$3,551
Property Taxes
18%
$669
Home Insurance
7%
$254
HOA
3%
$129
Property Management
15%
$558
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$930