This property looks like a bad Airbnb investment with a projected -20.47% first-year return on $173k initial cash invested.
-20.47%
Cash On Cash
1.42%
Cap Rate
0.23
DSCR
$2,325
Rent
-$2,952
Cashflow
Cash Flow
$2,325 income − $5,277 expenses = $2,952 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,385
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,325
Total Expenses
$5,277
Mortgage P&I
161%
$3,733
Property Taxes
7%
$170
Home Insurance
11%
$258
HOA
0%
$0
Property Management
15%
$349
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$581