This property looks like a bad Airbnb investment with a projected -15.18% first-year return on $164k initial cash invested.
-15.18%
Cash On Cash
3.04%
Cap Rate
0.48
DSCR
$3,623
Rent
-$2,078
Cashflow
Cash Flow
$3,623 income − $5,701 expenses = $2,078 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,966
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,623
Total Expenses
$5,701
Mortgage P&I
102%
$3,695
Property Taxes
0%
$1
Home Insurance
7%
$245
HOA
1%
$21
Property Management
15%
$543
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$906