This property looks like a bad Airbnb investment with a projected -25.83% first-year return on $170k initial cash invested.
-25.83%
Cash On Cash
0.75%
Cap Rate
0.11
DSCR
$3,480
Rent
-$3,658
Cashflow
Cash Flow
$3,480 income − $7,138 expenses = $3,658 out of pocket
Investment Breakdown
|
Purchase Price
$724k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,235
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,480
Total Expenses
$7,138
Mortgage P&I
114%
$3,973
Property Taxes
29%
$1,009
Home Insurance
8%
$262
HOA
6%
$224
Property Management
15%
$522
CapEx
4%
$139
Vacancy
0%
$0
Maintenance
4%
$139
Other
25%
$870