This property looks like a bad Airbnb investment with a projected -23.06% first-year return on $166k initial cash invested.
-23.06%
Cash On Cash
1.29%
Cap Rate
0.2
DSCR
$2,693
Rent
-$3,181
Cashflow
Cash Flow
$2,693 income − $5,874 expenses = $3,181 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,026
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,693
Total Expenses
$5,874
Mortgage P&I
142%
$3,829
Property Taxes
18%
$496
Home Insurance
10%
$256
HOA
0%
$0
Property Management
15%
$404
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$673