This property looks like a bad Airbnb investment with a projected -9.39% first-year return on $165k initial cash invested.
-9.39%
Cash On Cash
4.26%
Cap Rate
0.7
DSCR
$5,145
Rent
-$1,289
Cashflow
Cash Flow
$5,145 income − $6,434 expenses = $1,289 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,145
Total Expenses
$6,434
Mortgage P&I
69%
$3,563
Property Taxes
3%
$156
Home Insurance
5%
$245
HOA
0%
$0
Property Management
15%
$772
CapEx
4%
$206
Vacancy
0%
$0
Maintenance
4%
$206
Other
25%
$1,286