This property looks like a bad Airbnb investment with a projected -19.33% first-year return on $163k initial cash invested.
-19.33%
Cash On Cash
1.71%
Cap Rate
0.28
DSCR
$2,719
Rent
-$2,624
Cashflow
Cash Flow
$2,719 income − $5,343 expenses = $2,624 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,719
Total Expenses
$5,343
Mortgage P&I
129%
$3,501
Property Taxes
11%
$294
Home Insurance
9%
$242
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680