This property looks like a bad Airbnb investment with a projected -18.99% first-year return on $170k initial cash invested.
-18.99%
Cash On Cash
1.87%
Cap Rate
0.31
DSCR
$2,948
Rent
-$2,684
Cashflow
Cash Flow
$2,948 income − $5,632 expenses = $2,684 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$144k
Closing costs
1%
$7,219
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,948
Total Expenses
$5,632
Mortgage P&I
125%
$3,693
Property Taxes
8%
$233
Home Insurance
9%
$262
HOA
1%
$29
Property Management
15%
$442
CapEx
4%
$118
Vacancy
0%
$0
Maintenance
4%
$118
Other
25%
$737