This property looks like a bad Airbnb investment with a projected -18.12% first-year return on $164k initial cash invested.
-18.12%
Cash On Cash
1.92%
Cap Rate
0.32
DSCR
$3,048
Rent
-$2,475
Cashflow
Cash Flow
$3,048 income − $5,523 expenses = $2,475 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,947
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,048
Total Expenses
$5,523
Mortgage P&I
114%
$3,467
Property Taxes
10%
$309
Home Insurance
8%
$254
HOA
1%
$30
Property Management
15%
$457
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$762