This property looks like a bad Airbnb investment with a projected -18.99% first-year return on $168k initial cash invested.
-18.99%
Cash On Cash
1.95%
Cap Rate
0.32
DSCR
$3,741
Rent
-$2,655
Cashflow
Cash Flow
$3,741 income − $6,396 expenses = $2,655 out of pocket
Investment Breakdown
|
Purchase Price
$713k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,133
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,741
Total Expenses
$6,396
Mortgage P&I
98%
$3,667
Property Taxes
18%
$677
Home Insurance
7%
$256
HOA
0%
$0
Property Management
15%
$561
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$935