This property looks like a bad Airbnb investment with a projected -18.73% first-year return on $171k initial cash invested.
-18.73%
Cash On Cash
1.92%
Cap Rate
0.32
DSCR
$3,653
Rent
-$2,667
Cashflow
Cash Flow
$3,653 income − $6,320 expenses = $2,667 out of pocket
Investment Breakdown
|
Purchase Price
$728k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,281
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,653
Total Expenses
$6,320
Mortgage P&I
101%
$3,685
Property Taxes
17%
$639
Home Insurance
7%
$243
HOA
0%
$0
Property Management
15%
$548
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$913