This property looks like a bad Airbnb investment with a projected -12.91% first-year return on $171k initial cash invested.
-12.91%
Cash On Cash
3.61%
Cap Rate
0.56
DSCR
$5,147
Rent
-$1,840
Cashflow
Cash Flow
$5,147 income − $6,987 expenses = $1,840 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
3%
$24,000
Cashflow
Total Income
$5,147
Total Expenses
$6,987
Mortgage P&I
73%
$3,739
Property Taxes
10%
$532
Home Insurance
5%
$245
HOA
0%
$0
Property Management
15%
$772
CapEx
4%
$206
Vacancy
0%
$0
Maintenance
4%
$206
Other
25%
$1,287