This property looks like a bad Airbnb investment with a projected -16.5% first-year return on $173k initial cash invested.
-16.5%
Cash On Cash
2.58%
Cap Rate
0.42
DSCR
$4,571
Rent
-$2,378
Cashflow
Cash Flow
$4,571 income − $6,949 expenses = $2,378 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,379
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,571
Total Expenses
$6,949
Mortgage P&I
83%
$3,782
Property Taxes
16%
$717
Home Insurance
6%
$255
HOA
0%
$0
Property Management
15%
$686
CapEx
4%
$183
Vacancy
0%
$0
Maintenance
4%
$183
Other
25%
$1,143