This property looks like a bad Airbnb investment with a projected -23.06% first-year return on $174k initial cash invested.
-23.06%
Cash On Cash
1.34%
Cap Rate
0.2
DSCR
$2,884
Rent
-$3,353
Cashflow
Cash Flow
$2,884 income − $6,237 expenses = $3,353 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,450
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,884
Total Expenses
$6,237
Mortgage P&I
141%
$4,072
Property Taxes
15%
$437
Home Insurance
9%
$261
HOA
3%
$83
Property Management
15%
$433
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$721