This property looks like a bad Airbnb investment with a projected -23.16% first-year return on $171k initial cash invested.
-23.16%
Cash On Cash
1.17%
Cap Rate
0.18
DSCR
$2,898
Rent
-$3,308
Cashflow
Cash Flow
$2,898 income − $6,206 expenses = $3,308 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,304
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,898
Total Expenses
$6,206
Mortgage P&I
135%
$3,905
Property Taxes
23%
$674
Home Insurance
8%
$236
HOA
0%
$0
Property Management
15%
$435
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$724