This property looks like a bad Airbnb investment with a projected -19.18% first-year return on $169k initial cash invested.
-19.18%
Cash On Cash
1.68%
Cap Rate
0.28
DSCR
$2,984
Rent
-$2,705
Cashflow
Cash Flow
$2,984 income − $5,689 expenses = $2,705 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,984
Total Expenses
$5,689
Mortgage P&I
120%
$3,593
Property Taxes
14%
$412
Home Insurance
8%
$252
HOA
0%
$0
Property Management
15%
$448
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$746