This property looks like a bad Airbnb investment with a projected -25.98% first-year return on $165k initial cash invested.
-25.98%
Cash On Cash
0.72%
Cap Rate
0.11
DSCR
$3,095
Rent
-$3,572
Cashflow
Cash Flow
$3,095 income − $6,667 expenses = $3,572 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,095
Total Expenses
$6,667
Mortgage P&I
125%
$3,870
Property Taxes
33%
$1,010
Home Insurance
8%
$245
HOA
2%
$56
Property Management
15%
$464
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$774