This property looks like a bad Airbnb investment with a projected -19.59% first-year return on $171k initial cash invested.
-19.59%
Cash On Cash
1.71%
Cap Rate
0.28
DSCR
$3,245
Rent
-$2,795
Cashflow
Cash Flow
$3,245 income − $6,040 expenses = $2,795 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,297
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,245
Total Expenses
$6,040
Mortgage P&I
114%
$3,705
Property Taxes
16%
$509
Home Insurance
8%
$268
HOA
0%
$0
Property Management
15%
$487
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$811