This property looks like a bad Airbnb investment with a projected -16.31% first-year return on $167k initial cash invested.
-16.31%
Cash On Cash
2.62%
Cap Rate
0.43
DSCR
$4,409
Rent
-$2,268
Cashflow
Cash Flow
$4,409 income − $6,677 expenses = $2,268 out of pocket
Investment Breakdown
|
Purchase Price
$709k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,087
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,409
Total Expenses
$6,677
Mortgage P&I
83%
$3,639
Property Taxes
15%
$679
Home Insurance
6%
$244
HOA
0%
$0
Property Management
15%
$661
CapEx
4%
$176
Vacancy
0%
$0
Maintenance
4%
$176
Other
25%
$1,102