This property looks like a bad Airbnb investment with a projected -24.31% first-year return on $171k initial cash invested.
-24.31%
Cash On Cash
1.2%
Cap Rate
0.18
DSCR
$2,326
Rent
-$3,469
Cashflow
Cash Flow
$2,326 income − $5,795 expenses = $3,469 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,298
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,326
Total Expenses
$5,795
Mortgage P&I
176%
$4,103
Property Taxes
16%
$369
Home Insurance
9%
$206
HOA
0%
$0
Property Management
15%
$349
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$582