This property looks like a bad Airbnb investment with a projected -29.95% first-year return on $168k initial cash invested.
-29.95%
Cash On Cash
-0.85%
Cap Rate
-0.14
DSCR
$1,265
Rent
-$4,205
Cashflow
Cash Flow
$1,265 income − $5,470 expenses = $4,205 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,165
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,265
Total Expenses
$5,470
Mortgage P&I
288%
$3,648
Property Taxes
61%
$767
Home Insurance
20%
$252
HOA
15%
$195
Property Management
15%
$190
CapEx
4%
$51
Vacancy
0%
$0
Maintenance
4%
$51
Other
25%
$316