This property looks like a bad Airbnb investment with a projected -23.13% first-year return on $165k initial cash invested.
-23.13%
Cash On Cash
1.25%
Cap Rate
0.19
DSCR
$2,133
Rent
-$3,182
Cashflow
Cash Flow
$2,133 income − $5,315 expenses = $3,182 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,004
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,133
Total Expenses
$5,315
Mortgage P&I
179%
$3,828
Property Taxes
10%
$208
Home Insurance
12%
$256
HOA
0%
$0
Property Management
15%
$320
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$533