This property looks like a bad Airbnb investment with a projected -23.15% first-year return on $171k initial cash invested.
-23.15%
Cash On Cash
0.91%
Cap Rate
0.15
DSCR
$3,642
Rent
-$3,291
Cashflow
Cash Flow
$3,642 income − $6,933 expenses = $3,291 out of pocket
Investment Breakdown
|
Purchase Price
$727k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$145k
Closing costs
1%
$7,266
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,642
Total Expenses
$6,933
Mortgage P&I
102%
$3,697
Property Taxes
34%
$1,232
Home Insurance
7%
$256
HOA
0%
$0
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$910