This property looks like a bad Airbnb investment with a projected -25.47% first-year return on $169k initial cash invested.
-25.47%
Cash On Cash
0.34%
Cap Rate
0.06
DSCR
$2,072
Rent
-$3,591
Cashflow
Cash Flow
$2,072 income − $5,663 expenses = $3,591 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,072
Total Expenses
$5,663
Mortgage P&I
179%
$3,714
Property Taxes
34%
$702
Home Insurance
12%
$252
HOA
0%
$0
Property Management
15%
$311
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$518