This property looks like a bad Airbnb investment with a projected -24.86% first-year return on $166k initial cash invested.
-24.86%
Cash On Cash
0.33%
Cap Rate
0.05
DSCR
$1,987
Rent
-$3,447
Cashflow
Cash Flow
$1,987 income − $5,434 expenses = $3,447 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,065
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,987
Total Expenses
$5,434
Mortgage P&I
179%
$3,563
Property Taxes
34%
$668
Home Insurance
13%
$250
HOA
0%
$0
Property Management
15%
$298
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$497