This property looks like a bad Airbnb investment with a projected -30.97% first-year return on $167k initial cash invested.
-30.97%
Cash On Cash
-0.57%
Cap Rate
-0.09
DSCR
$1,002
Rent
-$4,309
Cashflow
Cash Flow
$1,002 income − $5,311 expenses = $4,309 out of pocket
Investment Breakdown
|
Purchase Price
$709k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,093
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,002
Total Expenses
$5,311
Mortgage P&I
392%
$3,930
Property Taxes
64%
$645
Home Insurance
26%
$256
HOA
0%
$0
Property Management
15%
$150
CapEx
4%
$40
Vacancy
0%
$0
Maintenance
4%
$40
Other
25%
$250