This property looks like a bad Airbnb investment with a projected -21.97% first-year return on $173k initial cash invested.
-21.97%
Cash On Cash
1.2%
Cap Rate
0.19
DSCR
$2,765
Rent
-$3,175
Cashflow
Cash Flow
$2,765 income − $5,940 expenses = $3,175 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,402
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,765
Total Expenses
$5,940
Mortgage P&I
138%
$3,805
Property Taxes
21%
$588
Home Insurance
8%
$219
HOA
0%
$0
Property Management
15%
$415
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$691