This property looks like a bad Airbnb investment with a projected -19.5% first-year return on $165k initial cash invested.
-19.5%
Cash On Cash
2.23%
Cap Rate
0.34
DSCR
$3,493
Rent
-$2,680
Cashflow
Cash Flow
$3,493 income − $6,173 expenses = $2,680 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,998
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,493
Total Expenses
$6,173
Mortgage P&I
110%
$3,843
Property Taxes
12%
$408
Home Insurance
7%
$245
HOA
0%
$0
Property Management
15%
$524
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$873