This property looks like a bad Airbnb investment with a projected -24.1% first-year return on $165k initial cash invested.
-24.1%
Cash On Cash
0.89%
Cap Rate
0.14
DSCR
$2,136
Rent
-$3,321
Cashflow
Cash Flow
$2,136 income − $5,457 expenses = $3,321 out of pocket
Investment Breakdown
|
Purchase Price
$702k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,018
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,136
Total Expenses
$5,457
Mortgage P&I
176%
$3,754
Property Taxes
9%
$189
Home Insurance
12%
$252
HOA
11%
$238
Property Management
15%
$320
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$534