This property looks like a bad Airbnb investment with a projected -20.78% first-year return on $168k initial cash invested.
-20.78%
Cash On Cash
2.2%
Cap Rate
0.32
DSCR
$3,777
Rent
-$2,906
Cashflow
Cash Flow
$3,777 income − $6,683 expenses = $2,906 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,135
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,777
Total Expenses
$6,683
Mortgage P&I
108%
$4,065
Property Taxes
15%
$551
Home Insurance
7%
$254
HOA
0%
$0
Property Management
15%
$567
CapEx
4%
$151
Vacancy
0%
$0
Maintenance
4%
$151
Other
25%
$944