This property looks like a bad Airbnb investment with a projected -13.79% first-year return on $170k initial cash invested.
-13.79%
Cash On Cash
3.05%
Cap Rate
0.51
DSCR
$3,972
Rent
-$1,953
Cashflow
Cash Flow
$3,972 income − $5,925 expenses = $1,953 out of pocket
Investment Breakdown
|
Purchase Price
$724k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,238
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,972
Total Expenses
$5,925
Mortgage P&I
91%
$3,631
Property Taxes
3%
$127
Home Insurance
7%
$260
HOA
0%
$0
Property Management
15%
$596
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$993