This property looks like a bad Airbnb investment with a projected -13.99% first-year return on $168k initial cash invested.
-13.99%
Cash On Cash
3.4%
Cap Rate
0.54
DSCR
$5,073
Rent
-$1,959
Cashflow
Cash Flow
$5,073 income − $7,032 expenses = $1,959 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,144
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,073
Total Expenses
$7,032
Mortgage P&I
74%
$3,778
Property Taxes
11%
$564
Home Insurance
5%
$255
HOA
0%
$0
Property Management
15%
$761
CapEx
4%
$203
Vacancy
0%
$0
Maintenance
4%
$203
Other
25%
$1,268