This property looks like a bad Airbnb investment with a projected -22.89% first-year return on $173k initial cash invested.
-22.89%
Cash On Cash
1.02%
Cap Rate
0.17
DSCR
$4,123
Rent
-$3,301
Cashflow
Cash Flow
$4,123 income − $7,424 expenses = $3,301 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,384
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,123
Total Expenses
$7,424
Mortgage P&I
91%
$3,765
Property Taxes
28%
$1,164
Home Insurance
6%
$255
HOA
6%
$261
Property Management
15%
$618
CapEx
4%
$165
Vacancy
0%
$0
Maintenance
4%
$165
Other
25%
$1,031