This property looks like a bad Airbnb investment with a projected -24.17% first-year return on $165k initial cash invested.
-24.17%
Cash On Cash
1.31%
Cap Rate
0.19
DSCR
$3,014
Rent
-$3,323
Cashflow
Cash Flow
$3,014 income − $6,337 expenses = $3,323 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,014
Total Expenses
$6,337
Mortgage P&I
132%
$3,967
Property Taxes
22%
$677
Home Insurance
8%
$245
HOA
0%
$0
Property Management
15%
$452
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754