This property looks like a bad Airbnb investment with a projected -16.5% first-year return on $163k initial cash invested.
-16.5%
Cash On Cash
3.12%
Cap Rate
0.47
DSCR
$5,225
Rent
-$2,240
Cashflow
Cash Flow
$5,225 income − $7,465 expenses = $2,240 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$138k
Closing costs
1%
$6,900
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,225
Total Expenses
$7,465
Mortgage P&I
73%
$3,823
Property Taxes
12%
$640
Home Insurance
5%
$244
HOA
5%
$250
Property Management
15%
$784
CapEx
4%
$209
Vacancy
0%
$0
Maintenance
4%
$209
Other
25%
$1,306