This property looks like a bad Airbnb investment with a projected -19.1% first-year return on $163k initial cash invested.
-19.1%
Cash On Cash
1.97%
Cap Rate
0.31
DSCR
$2,914
Rent
-$2,589
Cashflow
Cash Flow
$2,914 income − $5,503 expenses = $2,589 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,887
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,914
Total Expenses
$5,503
Mortgage P&I
124%
$3,603
Property Taxes
9%
$256
Home Insurance
8%
$245
HOA
0%
$0
Property Management
15%
$437
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$728