This property looks like a bad Airbnb investment with a projected -18.6% first-year return on $162k initial cash invested.
-18.6%
Cash On Cash
2.01%
Cap Rate
0.33
DSCR
$3,824
Rent
-$2,513
Cashflow
Cash Flow
$3,824 income − $6,337 expenses = $2,513 out of pocket
Investment Breakdown
|
Purchase Price
$686k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$137k
Closing costs
1%
$6,864
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,824
Total Expenses
$6,337
Mortgage P&I
92%
$3,508
Property Taxes
19%
$731
Home Insurance
7%
$262
HOA
0%
$0
Property Management
15%
$574
CapEx
4%
$153
Vacancy
0%
$0
Maintenance
4%
$153
Other
25%
$956