This property looks like a bad Airbnb investment with a projected -27.51% first-year return on $165k initial cash invested.
-27.51%
Cash On Cash
-0.22%
Cap Rate
-0.04
DSCR
$1,898
Rent
-$3,783
Cashflow
Cash Flow
$1,898 income − $5,681 expenses = $3,783 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,898
Total Expenses
$5,681
Mortgage P&I
188%
$3,577
Property Taxes
50%
$948
Home Insurance
13%
$245
HOA
0%
$0
Property Management
15%
$285
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$474