This property looks like a bad Airbnb investment with a projected -14.61% first-year return on $172k initial cash invested.
-14.61%
Cash On Cash
3.06%
Cap Rate
0.5
DSCR
$5,552
Rent
-$2,088
Cashflow
Cash Flow
$5,552 income − $7,640 expenses = $2,088 out of pocket
Investment Breakdown
|
Purchase Price
$731k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$146k
Closing costs
1%
$7,312
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,552
Total Expenses
$7,640
Mortgage P&I
67%
$3,732
Property Taxes
13%
$731
Home Insurance
5%
$262
HOA
5%
$250
Property Management
15%
$833
CapEx
4%
$222
Vacancy
0%
$0
Maintenance
4%
$222
Other
25%
$1,388