This property looks like a bad Airbnb investment with a projected -17.84% first-year return on $165k initial cash invested.
-17.84%
Cash On Cash
2.32%
Cap Rate
0.37
DSCR
$4,054
Rent
-$2,453
Cashflow
Cash Flow
$4,054 income − $6,507 expenses = $2,453 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,054
Total Expenses
$6,507
Mortgage P&I
90%
$3,647
Property Taxes
17%
$669
Home Insurance
6%
$245
HOA
0%
$0
Property Management
15%
$608
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,014