This property looks like a bad Airbnb investment with a projected -13.69% first-year return on $165k initial cash invested.
-13.69%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$5,238
Rent
-$1,880
Cashflow
Cash Flow
$5,238 income − $7,118 expenses = $1,880 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,991
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,238
Total Expenses
$7,118
Mortgage P&I
73%
$3,798
Property Taxes
11%
$555
Home Insurance
5%
$249
HOA
0%
$0
Property Management
15%
$786
CapEx
4%
$210
Vacancy
0%
$0
Maintenance
4%
$210
Other
25%
$1,310