This property looks like a bad Airbnb investment with a projected -18.22% first-year return on $168k initial cash invested.
-18.22%
Cash On Cash
2.31%
Cap Rate
0.37
DSCR
$4,340
Rent
-$2,556
Cashflow
Cash Flow
$4,340 income − $6,896 expenses = $2,556 out of pocket
Investment Breakdown
|
Purchase Price
$716k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,159
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,340
Total Expenses
$6,896
Mortgage P&I
87%
$3,762
Property Taxes
18%
$796
Home Insurance
6%
$254
HOA
0%
$0
Property Management
15%
$651
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,085