This property looks like a bad Airbnb investment with a projected -26.83% first-year return on $166k initial cash invested.
-26.83%
Cash On Cash
0.32%
Cap Rate
0.05
DSCR
$1,553
Rent
-$3,710
Cashflow
Cash Flow
$1,553 income − $5,263 expenses = $3,710 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,045
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,553
Total Expenses
$5,263
Mortgage P&I
247%
$3,835
Property Taxes
27%
$422
Home Insurance
17%
$261
HOA
0%
$0
Property Management
15%
$233
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$388