This property looks like a bad Airbnb investment with a projected -11.7% first-year return on $168k initial cash invested.
-11.7%
Cash On Cash
4.13%
Cap Rate
0.64
DSCR
$5,934
Rent
-$1,642
Cashflow
Cash Flow
$5,934 income − $7,576 expenses = $1,642 out of pocket
Investment Breakdown
|
Purchase Price
$716k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,160
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,934
Total Expenses
$7,576
Mortgage P&I
65%
$3,868
Property Taxes
11%
$633
Home Insurance
4%
$227
HOA
0%
$0
Property Management
15%
$890
CapEx
4%
$237
Vacancy
0%
$0
Maintenance
4%
$237
Other
25%
$1,484