This property looks like a bad Airbnb investment with a projected -17.3% first-year return on $170k initial cash invested.
-17.3%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$4,066
Rent
-$2,454
Cashflow
Cash Flow
$4,066 income − $6,520 expenses = $2,454 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,066
Total Expenses
$6,520
Mortgage P&I
99%
$4,006
Property Taxes
8%
$308
Home Insurance
6%
$254
HOA
0%
$0
Property Management
15%
$610
CapEx
4%
$163
Vacancy
0%
$0
Maintenance
4%
$163
Other
25%
$1,016