This property looks like a bad Airbnb investment with a projected -21.64% first-year return on $169k initial cash invested.
-21.64%
Cash On Cash
1.18%
Cap Rate
0.19
DSCR
$2,800
Rent
-$3,046
Cashflow
Cash Flow
$2,800 income − $5,846 expenses = $3,046 out of pocket
Investment Breakdown
|
Purchase Price
$719k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,187
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,800
Total Expenses
$5,846
Mortgage P&I
130%
$3,641
Property Taxes
18%
$504
Home Insurance
9%
$252
HOA
4%
$105
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700