This property looks like a bad Airbnb investment with a projected -25.58% first-year return on $165k initial cash invested.
-25.58%
Cash On Cash
0.66%
Cap Rate
0.1
DSCR
$2,425
Rent
-$3,508
Cashflow
Cash Flow
$2,425 income − $5,933 expenses = $3,508 out of pocket
Investment Breakdown
|
Purchase Price
$698k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,979
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,425
Total Expenses
$5,933
Mortgage P&I
156%
$3,792
Property Taxes
30%
$720
Home Insurance
11%
$257
HOA
0%
$0
Property Management
15%
$364
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$606