This property looks like a bad Airbnb investment with a projected -20.38% first-year return on $173k initial cash invested.
-20.38%
Cash On Cash
1.9%
Cap Rate
0.29
DSCR
$3,482
Rent
-$2,939
Cashflow
Cash Flow
$3,482 income − $6,421 expenses = $2,939 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,385
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,482
Total Expenses
$6,421
Mortgage P&I
114%
$3,968
Property Taxes
15%
$538
Home Insurance
7%
$245
HOA
0%
$0
Property Management
15%
$522
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$870