This property looks like a bad Airbnb investment with a projected -21.12% first-year return on $167k initial cash invested.
-21.12%
Cash On Cash
1.82%
Cap Rate
0.28
DSCR
$2,726
Rent
-$2,931
Cashflow
Cash Flow
$2,726 income − $5,657 expenses = $2,931 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$141k
Closing costs
1%
$7,073
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,726
Total Expenses
$5,657
Mortgage P&I
143%
$3,894
Property Taxes
8%
$206
Home Insurance
9%
$248
HOA
0%
$0
Property Management
15%
$409
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$682