This property looks like a bad Airbnb investment with a projected -19.13% first-year return on $169k initial cash invested.
-19.13%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$3,563
Rent
-$2,699
Cashflow
Cash Flow
$3,563 income − $6,262 expenses = $2,699 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,204
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,563
Total Expenses
$6,262
Mortgage P&I
110%
$3,914
Property Taxes
10%
$371
Home Insurance
7%
$266
HOA
0%
$0
Property Management
15%
$534
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$891