This property looks like a bad Airbnb investment with a projected -24.37% first-year return on $170k initial cash invested.
-24.37%
Cash On Cash
0.54%
Cap Rate
0.09
DSCR
$2,222
Rent
-$3,455
Cashflow
Cash Flow
$2,222 income − $5,677 expenses = $3,455 out of pocket
Investment Breakdown
|
Purchase Price
$724k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,244
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,222
Total Expenses
$5,677
Mortgage P&I
166%
$3,692
Property Taxes
27%
$601
Home Insurance
12%
$262
HOA
2%
$55
Property Management
15%
$333
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$556