This property looks like a bad Airbnb investment with a projected -23.47% first-year return on $171k initial cash invested.
-23.47%
Cash On Cash
1.31%
Cap Rate
0.2
DSCR
$3,521
Rent
-$3,345
Cashflow
Cash Flow
$3,521 income − $6,866 expenses = $3,345 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,286
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,521
Total Expenses
$6,866
Mortgage P&I
114%
$3,999
Property Taxes
18%
$623
Home Insurance
7%
$245
HOA
9%
$309
Property Management
15%
$528
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$880