This property looks like a bad Airbnb investment with a projected -16.34% first-year return on $167k initial cash invested.
-16.34%
Cash On Cash
3.03%
Cap Rate
0.46
DSCR
$4,145
Rent
-$2,268
Cashflow
Cash Flow
$4,145 income − $6,413 expenses = $2,268 out of pocket
Investment Breakdown
|
Purchase Price
$708k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,075
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,145
Total Expenses
$6,413
Mortgage P&I
94%
$3,888
Property Taxes
7%
$278
Home Insurance
6%
$257
HOA
0%
$0
Property Management
15%
$622
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,036