This property looks like a bad Airbnb investment with a projected -22.54% first-year return on $174k initial cash invested.
-22.54%
Cash On Cash
1.42%
Cap Rate
0.22
DSCR
$2,704
Rent
-$3,271
Cashflow
Cash Flow
$2,704 income − $5,975 expenses = $3,271 out of pocket
Investment Breakdown
|
Purchase Price
$743k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,434
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,704
Total Expenses
$5,975
Mortgage P&I
149%
$4,040
Property Taxes
12%
$326
Home Insurance
10%
$269
HOA
2%
$42
Property Management
15%
$406
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$676