This property looks like a bad Airbnb investment with a projected -21.92% first-year return on $168k initial cash invested.
-21.92%
Cash On Cash
1.46%
Cap Rate
0.23
DSCR
$3,613
Rent
-$3,077
Cashflow
Cash Flow
$3,613 income − $6,690 expenses = $3,077 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,165
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,613
Total Expenses
$6,690
Mortgage P&I
105%
$3,804
Property Taxes
18%
$659
Home Insurance
7%
$254
HOA
7%
$238
Property Management
15%
$542
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$903