This property looks like a bad Airbnb investment with a projected -21.8% first-year return on $165k initial cash invested.
-21.8%
Cash On Cash
1.57%
Cap Rate
0.24
DSCR
$2,878
Rent
-$2,998
Cashflow
Cash Flow
$2,878 income − $5,876 expenses = $2,998 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,878
Total Expenses
$5,876
Mortgage P&I
132%
$3,801
Property Taxes
16%
$448
Home Insurance
9%
$245
HOA
0%
$0
Property Management
15%
$432
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$720