This property looks like a bad Airbnb investment with a projected -23.81% first-year return on $171k initial cash invested.
-23.81%
Cash On Cash
1.3%
Cap Rate
0.19
DSCR
$2,714
Rent
-$3,395
Cashflow
Cash Flow
$2,714 income − $6,109 expenses = $3,395 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,290
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,714
Total Expenses
$6,109
Mortgage P&I
150%
$4,078
Property Taxes
14%
$381
Home Insurance
9%
$255
HOA
3%
$92
Property Management
15%
$407
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$678