This property looks like a bad Airbnb investment with a projected -20.41% first-year return on $172k initial cash invested.
-20.41%
Cash On Cash
1.98%
Cap Rate
0.3
DSCR
$3,382
Rent
-$2,920
Cashflow
Cash Flow
$3,382 income − $6,302 expenses = $2,920 out of pocket
Investment Breakdown
|
Purchase Price
$732k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$146k
Closing costs
1%
$7,320
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,382
Total Expenses
$6,302
Mortgage P&I
118%
$3,995
Property Taxes
12%
$422
Home Insurance
8%
$262
HOA
0%
$0
Property Management
15%
$507
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$846