This property looks like a bad Airbnb investment with a projected -21.1% first-year return on $166k initial cash invested.
-21.1%
Cash On Cash
1.3%
Cap Rate
0.21
DSCR
$2,666
Rent
-$2,914
Cashflow
Cash Flow
$2,666 income − $5,580 expenses = $2,914 out of pocket
Investment Breakdown
|
Purchase Price
$704k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,036
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,666
Total Expenses
$5,580
Mortgage P&I
134%
$3,567
Property Taxes
14%
$363
Home Insurance
9%
$250
HOA
5%
$120
Property Management
15%
$400
CapEx
4%
$107
Vacancy
0%
$0
Maintenance
4%
$107
Other
25%
$666