This property looks like a bad Airbnb investment with a projected -23.14% first-year return on $172k initial cash invested.
-23.14%
Cash On Cash
1.3%
Cap Rate
0.2
DSCR
$2,579
Rent
-$3,311
Cashflow
Cash Flow
$2,579 income − $5,890 expenses = $3,311 out of pocket
Investment Breakdown
|
Purchase Price
$732k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$146k
Closing costs
1%
$7,318
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,579
Total Expenses
$5,890
Mortgage P&I
155%
$4,000
Property Taxes
13%
$341
Home Insurance
10%
$269
HOA
2%
$42
Property Management
15%
$387
CapEx
4%
$103
Vacancy
0%
$0
Maintenance
4%
$103
Other
25%
$645