This property looks like a bad Airbnb investment with a projected -19.29% first-year return on $164k initial cash invested.
-19.29%
Cash On Cash
2.23%
Cap Rate
0.34
DSCR
$3,410
Rent
-$2,633
Cashflow
Cash Flow
$3,410 income − $6,043 expenses = $2,633 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,941
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,410
Total Expenses
$6,043
Mortgage P&I
111%
$3,788
Property Taxes
11%
$374
Home Insurance
7%
$245
HOA
0%
$0
Property Management
15%
$512
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$852