This property looks like a bad Airbnb investment with a projected -23.61% first-year return on $171k initial cash invested.
-23.61%
Cash On Cash
1.21%
Cap Rate
0.18
DSCR
$3,082
Rent
-$3,368
Cashflow
Cash Flow
$3,082 income − $6,450 expenses = $3,368 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,295
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,082
Total Expenses
$6,450
Mortgage P&I
129%
$3,979
Property Taxes
24%
$731
Home Insurance
9%
$262
HOA
0%
$0
Property Management
15%
$462
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$770