This property looks like a bad Airbnb investment with a projected -16.14% first-year return on $160k initial cash invested.
-16.14%
Cash On Cash
2.97%
Cap Rate
0.46
DSCR
$3,846
Rent
-$2,148
Cashflow
Cash Flow
$3,846 income − $5,994 expenses = $2,148 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,746
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,846
Total Expenses
$5,994
Mortgage P&I
95%
$3,665
Property Taxes
6%
$237
Home Insurance
6%
$245
HOA
0%
$0
Property Management
15%
$577
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$962