This property looks like a bad Airbnb investment with a projected -27.5% first-year return on $173k initial cash invested.
-27.5%
Cash On Cash
-0.17%
Cap Rate
-0.03
DSCR
$3,245
Rent
-$3,964
Cashflow
Cash Flow
$3,245 income − $7,209 expenses = $3,964 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,379
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,245
Total Expenses
$7,209
Mortgage P&I
115%
$3,731
Property Taxes
35%
$1,132
Home Insurance
24%
$788
HOA
0%
$0
Property Management
15%
$487
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$811