This property looks like a bad Airbnb investment with a projected -18.99% first-year return on $166k initial cash invested.
-18.99%
Cash On Cash
1.83%
Cap Rate
0.3
DSCR
$4,163
Rent
-$2,621
Cashflow
Cash Flow
$4,163 income − $6,784 expenses = $2,621 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,030
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,163
Total Expenses
$6,784
Mortgage P&I
85%
$3,525
Property Taxes
24%
$1,010
Home Insurance
6%
$250
HOA
0%
$0
Property Management
15%
$624
CapEx
4%
$167
Vacancy
0%
$0
Maintenance
4%
$167
Other
25%
$1,041