This property looks like a bad Airbnb investment with a projected -26.88% first-year return on $164k initial cash invested.
-26.88%
Cash On Cash
-0.23%
Cap Rate
-0.04
DSCR
$531
Rent
-$3,674
Cashflow
Cash Flow
$531 income − $4,205 expenses = $3,674 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,953
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$531
Total Expenses
$4,205
Mortgage P&I
663%
$3,519
Property Taxes
35%
$188
Home Insurance
46%
$243
HOA
0%
$0
Property Management
15%
$80
CapEx
4%
$21
Vacancy
0%
$0
Maintenance
4%
$21
Other
25%
$133