This property looks like a bad Airbnb investment with a projected -26.14% first-year return on $169k initial cash invested.
-26.14%
Cash On Cash
0.67%
Cap Rate
0.1
DSCR
$2,260
Rent
-$3,671
Cashflow
Cash Flow
$2,260 income − $5,931 expenses = $3,671 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$143k
Closing costs
1%
$7,169
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,260
Total Expenses
$5,931
Mortgage P&I
176%
$3,982
Property Taxes
22%
$499
Home Insurance
11%
$254
HOA
5%
$112
Property Management
15%
$339
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$565