This property looks like a bad Airbnb investment with a projected -26.62% first-year return on $168k initial cash invested.
-26.62%
Cash On Cash
0.38%
Cap Rate
0.06
DSCR
$2,400
Rent
-$3,730
Cashflow
Cash Flow
$2,400 income − $6,130 expenses = $3,730 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,150
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,400
Total Expenses
$6,130
Mortgage P&I
161%
$3,862
Property Taxes
29%
$691
Home Insurance
10%
$250
HOA
7%
$175
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$600