This property looks like a bad Airbnb investment with a projected -16.98% first-year return on $169k initial cash invested.
-16.98%
Cash On Cash
2.31%
Cap Rate
0.38
DSCR
$3,506
Rent
-$2,399
Cashflow
Cash Flow
$3,506 income − $5,905 expenses = $2,399 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,214
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,506
Total Expenses
$5,905
Mortgage P&I
104%
$3,646
Property Taxes
9%
$313
Home Insurance
8%
$264
HOA
0%
$0
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$876