This property looks like a bad Airbnb investment with a projected -27.34% first-year return on $168k initial cash invested.
-27.34%
Cash On Cash
0.29%
Cap Rate
0.04
DSCR
$2,602
Rent
-$3,829
Cashflow
Cash Flow
$2,602 income − $6,431 expenses = $3,829 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,145
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,602
Total Expenses
$6,431
Mortgage P&I
150%
$3,899
Property Taxes
40%
$1,034
Home Insurance
10%
$250
HOA
0%
$0
Property Management
15%
$390
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$650