This property looks like a bad Airbnb investment with a projected -26.12% first-year return on $167k initial cash invested.
-26.12%
Cash On Cash
0.6%
Cap Rate
0.09
DSCR
$2,954
Rent
-$3,625
Cashflow
Cash Flow
$2,954 income − $6,579 expenses = $3,625 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$141k
Closing costs
1%
$7,072
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,954
Total Expenses
$6,579
Mortgage P&I
131%
$3,859
Property Taxes
34%
$1,014
Home Insurance
10%
$289
HOA
0%
$0
Property Management
15%
$443
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$738