This property looks like a bad Airbnb investment with a projected -20.07% first-year return on $166k initial cash invested.
-20.07%
Cash On Cash
1.86%
Cap Rate
0.29
DSCR
$3,573
Rent
-$2,776
Cashflow
Cash Flow
$3,573 income − $6,349 expenses = $2,776 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,047
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,573
Total Expenses
$6,349
Mortgage P&I
104%
$3,727
Property Taxes
11%
$384
Home Insurance
8%
$298
HOA
6%
$225
Property Management
15%
$536
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$893