This property looks like a bad Airbnb investment with a projected -16.53% first-year return on $167k initial cash invested.
-16.53%
Cash On Cash
2.74%
Cap Rate
0.43
DSCR
$3,953
Rent
-$2,304
Cashflow
Cash Flow
$3,953 income − $6,257 expenses = $2,304 out of pocket
Investment Breakdown
|
Purchase Price
$711k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,107
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,953
Total Expenses
$6,257
Mortgage P&I
95%
$3,769
Property Taxes
7%
$286
Home Insurance
6%
$255
HOA
1%
$50
Property Management
15%
$593
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$988