This property looks like a bad Airbnb investment with a projected -21.45% first-year return on $168k initial cash invested.
-21.45%
Cash On Cash
1.46%
Cap Rate
0.23
DSCR
$2,465
Rent
-$3,005
Cashflow
Cash Flow
$2,465 income − $5,470 expenses = $3,005 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,149
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,465
Total Expenses
$5,470
Mortgage P&I
153%
$3,773
Property Taxes
11%
$263
Home Insurance
10%
$250
HOA
0%
$0
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$616