This property looks like a bad Airbnb investment with a projected -21.68% first-year return on $171k initial cash invested.
-21.68%
Cash On Cash
1.29%
Cap Rate
0.21
DSCR
$3,933
Rent
-$3,098
Cashflow
Cash Flow
$3,933 income − $7,031 expenses = $3,098 out of pocket
Investment Breakdown
|
Purchase Price
$731k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,309
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,933
Total Expenses
$7,031
Mortgage P&I
95%
$3,725
Property Taxes
30%
$1,183
Home Insurance
6%
$236
HOA
0%
$0
Property Management
15%
$590
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$983