This property looks like a bad Airbnb investment with a projected -20.31% first-year return on $170k initial cash invested.
-20.31%
Cash On Cash
1.58%
Cap Rate
0.26
DSCR
$2,853
Rent
-$2,881
Cashflow
Cash Flow
$2,853 income − $5,734 expenses = $2,881 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,853
Total Expenses
$5,734
Mortgage P&I
130%
$3,722
Property Taxes
14%
$389
Home Insurance
9%
$254
HOA
0%
$0
Property Management
15%
$428
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$713