This property looks like a bad Airbnb investment with a projected -15.09% first-year return on $170k initial cash invested.
-15.09%
Cash On Cash
2.93%
Cap Rate
0.48
DSCR
$5,304
Rent
-$2,141
Cashflow
Cash Flow
$5,304 income − $7,445 expenses = $2,141 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,249
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,304
Total Expenses
$7,445
Mortgage P&I
70%
$3,700
Property Taxes
13%
$711
Home Insurance
5%
$245
HOA
5%
$243
Property Management
15%
$796
CapEx
4%
$212
Vacancy
0%
$0
Maintenance
4%
$212
Other
25%
$1,326