This property looks like a bad Airbnb investment with a projected -28.46% first-year return on $170k initial cash invested.
-28.46%
Cash On Cash
-0.43%
Cap Rate
-0.07
DSCR
$2,433
Rent
-$4,038
Cashflow
Cash Flow
$2,433 income − $6,471 expenses = $4,038 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,433
Total Expenses
$6,471
Mortgage P&I
151%
$3,684
Property Taxes
56%
$1,366
Home Insurance
10%
$254
HOA
0%
$0
Property Management
15%
$365
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$608