This property looks like a bad Airbnb investment with a projected -26.89% first-year return on $169k initial cash invested.
-26.89%
Cash On Cash
0.38%
Cap Rate
0.06
DSCR
$2,118
Rent
-$3,792
Cashflow
Cash Flow
$2,118 income − $5,910 expenses = $3,792 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,118
Total Expenses
$5,910
Mortgage P&I
186%
$3,938
Property Taxes
33%
$702
Home Insurance
12%
$252
HOA
0%
$0
Property Management
15%
$318
CapEx
4%
$85
Vacancy
0%
$0
Maintenance
4%
$85
Other
25%
$530