This property looks like a bad Airbnb investment with a projected -13.32% first-year return on $169k initial cash invested.
-13.32%
Cash On Cash
3.13%
Cap Rate
0.52
DSCR
$3,996
Rent
-$1,880
Cashflow
Cash Flow
$3,996 income − $5,876 expenses = $1,880 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,207
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,996
Total Expenses
$5,876
Mortgage P&I
90%
$3,597
Property Taxes
2%
$99
Home Insurance
7%
$262
HOA
0%
$0
Property Management
15%
$599
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$999