This property looks like a bad Airbnb investment with a projected -7.21% first-year return on $173k initial cash invested.
-7.21%
Cash On Cash
4.89%
Cap Rate
0.79
DSCR
$6,364
Rent
-$1,041
Cashflow
Cash Flow
$6,364 income − $7,405 expenses = $1,041 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,390
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,364
Total Expenses
$7,405
Mortgage P&I
60%
$3,800
Property Taxes
5%
$290
Home Insurance
4%
$259
HOA
0%
$0
Property Management
15%
$955
CapEx
4%
$255
Vacancy
0%
$0
Maintenance
4%
$255
Other
25%
$1,591