This property looks like a bad Airbnb investment with a projected -15.6% first-year return on $162k initial cash invested.
-15.6%
Cash On Cash
2.83%
Cap Rate
0.46
DSCR
$4,615
Rent
-$2,108
Cashflow
Cash Flow
$4,615 income − $6,723 expenses = $2,108 out of pocket
Investment Breakdown
|
Purchase Price
$686k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,863
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,615
Total Expenses
$6,723
Mortgage P&I
77%
$3,541
Property Taxes
16%
$726
Home Insurance
5%
$240
HOA
0%
$0
Property Management
15%
$692
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,154