This property looks like a bad Airbnb investment with a projected -20.66% first-year return on $165k initial cash invested.
-20.66%
Cash On Cash
1.33%
Cap Rate
0.22
DSCR
$2,269
Rent
-$2,841
Cashflow
Cash Flow
$2,269 income − $5,110 expenses = $2,841 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,001
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,269
Total Expenses
$5,110
Mortgage P&I
155%
$3,526
Property Taxes
11%
$241
Home Insurance
11%
$254
HOA
0%
$0
Property Management
15%
$340
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$567