This property looks like a bad Airbnb investment with a projected -29.49% first-year return on $173k initial cash invested.
-29.49%
Cash On Cash
-0.73%
Cap Rate
-0.12
DSCR
$974
Rent
-$4,252
Cashflow
Cash Flow
$974 income − $5,226 expenses = $4,252 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,383
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$974
Total Expenses
$5,226
Mortgage P&I
386%
$3,764
Property Taxes
75%
$732
Home Insurance
27%
$262
HOA
0%
$0
Property Management
15%
$146
CapEx
4%
$39
Vacancy
0%
$0
Maintenance
4%
$39
Other
25%
$244