This property looks like a bad Airbnb investment with a projected -7.62% first-year return on $161k initial cash invested.
-7.62%
Cash On Cash
4.74%
Cap Rate
0.77
DSCR
$5,848
Rent
-$1,019
Cashflow
Cash Flow
$5,848 income − $6,867 expenses = $1,019 out of pocket
Investment Breakdown
|
Purchase Price
$679k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$136k
Closing costs
1%
$6,786
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,848
Total Expenses
$6,867
Mortgage P&I
59%
$3,466
Property Taxes
3%
$178
Home Insurance
4%
$236
HOA
3%
$180
Property Management
15%
$877
CapEx
4%
$234
Vacancy
0%
$0
Maintenance
4%
$234
Other
25%
$1,462