This property looks like a bad Airbnb investment with a projected -23.25% first-year return on $173k initial cash invested.
-23.25%
Cash On Cash
1.29%
Cap Rate
0.2
DSCR
$3,018
Rent
-$3,344
Cashflow
Cash Flow
$3,018 income − $6,362 expenses = $3,344 out of pocket
Investment Breakdown
|
Purchase Price
$736k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$147k
Closing costs
1%
$7,361
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,018
Total Expenses
$6,362
Mortgage P&I
133%
$4,017
Property Taxes
21%
$634
Home Insurance
9%
$262
HOA
0%
$0
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$754