This property looks like a bad Airbnb investment with a projected -14.37% first-year return on $169k initial cash invested.
-14.37%
Cash On Cash
2.9%
Cap Rate
0.49
DSCR
$4,405
Rent
-$2,026
Cashflow
Cash Flow
$4,405 income − $6,431 expenses = $2,026 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
6.4%
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
$4,405
Total Expenses
$6,431
Mortgage P&I
82%
$3,593
Property Taxes
11%
$472
Home Insurance
6%
$252
HOA
0%
$0
Property Management
15%
$661
CapEx
4%
$176
Vacancy
0%
$0
Maintenance
4%
$176
Other
25%
$1,101