This property looks like a bad Airbnb investment with a projected -20.19% first-year return on $170k initial cash invested.
-20.19%
Cash On Cash
1.49%
Cap Rate
0.25
DSCR
$3,050
Rent
-$2,865
Cashflow
Cash Flow
$3,050 income − $5,915 expenses = $2,865 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,050
Total Expenses
$5,915
Mortgage P&I
119%
$3,642
Property Taxes
18%
$547
Home Insurance
9%
$262
HOA
0%
$0
Property Management
15%
$458
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$762