This property looks like a bad Airbnb investment with a projected -27.53% first-year return on $167k initial cash invested.
-27.53%
Cash On Cash
-0.28%
Cap Rate
-0.05
DSCR
$1,641
Rent
-$3,833
Cashflow
Cash Flow
$1,641 income − $5,474 expenses = $3,833 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,099
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,641
Total Expenses
$5,474
Mortgage P&I
219%
$3,601
Property Taxes
49%
$797
Home Insurance
15%
$248
HOA
2%
$40
Property Management
15%
$246
CapEx
4%
$66
Vacancy
0%
$0
Maintenance
4%
$66
Other
25%
$410