This property looks like a bad Airbnb investment with a projected -22.66% first-year return on $164k initial cash invested.
-22.66%
Cash On Cash
0.96%
Cap Rate
0.16
DSCR
$2,590
Rent
-$3,087
Cashflow
Cash Flow
$2,590 income − $5,677 expenses = $3,087 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,929
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,590
Total Expenses
$5,677
Mortgage P&I
137%
$3,536
Property Taxes
25%
$654
Home Insurance
9%
$243
HOA
0%
$0
Property Management
15%
$388
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$648