This property looks like a bad Airbnb investment with a projected -21.55% first-year return on $168k initial cash invested.
-21.55%
Cash On Cash
1.24%
Cap Rate
0.2
DSCR
$3,004
Rent
-$3,024
Cashflow
Cash Flow
$3,004 income − $6,028 expenses = $3,024 out of pocket
Investment Breakdown
|
Purchase Price
$716k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,160
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,004
Total Expenses
$6,028
Mortgage P&I
121%
$3,643
Property Taxes
21%
$639
Home Insurance
10%
$304
HOA
0%
$0
Property Management
15%
$451
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$751