This property looks like a bad Airbnb investment with a projected -27.8% first-year return on $174k initial cash invested.
-27.8%
Cash On Cash
0.03%
Cap Rate
0
DSCR
$1,978
Rent
-$4,041
Cashflow
Cash Flow
$1,978 income − $6,019 expenses = $4,041 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,978
Total Expenses
$6,019
Mortgage P&I
201%
$3,980
Property Taxes
37%
$723
Home Insurance
13%
$261
HOA
5%
$106
Property Management
15%
$297
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$494