This property looks like a bad Airbnb investment with a projected -34.3% first-year return on $160k initial cash invested.
-34.3%
Cash On Cash
-1.53%
Cap Rate
-0.23
DSCR
$1,024
Rent
-$4,573
Cashflow
Cash Flow
$1,024 income − $5,597 expenses = $4,573 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,762
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,024
Total Expenses
$5,597
Mortgage P&I
359%
$3,671
Property Taxes
82%
$836
Home Insurance
23%
$238
HOA
35%
$360
Property Management
15%
$154
CapEx
4%
$41
Vacancy
0%
$0
Maintenance
4%
$41
Other
25%
$256