This property looks like a bad Airbnb investment with a projected -19.97% first-year return on $163k initial cash invested.
-19.97%
Cash On Cash
2.26%
Cap Rate
0.34
DSCR
$4,836
Rent
-$2,712
Cashflow
Cash Flow
$4,836 income − $7,548 expenses = $2,712 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%
$6,904
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,836
Total Expenses
$7,548
Mortgage P&I
79%
$3,819
Property Taxes
23%
$1,111
Home Insurance
6%
$298
HOA
0%
$0
Property Management
15%
$725
CapEx
4%
$193
Vacancy
0%
$0
Maintenance
4%
$193
Other
25%
$1,209