This property looks like a bad Airbnb investment with a projected -21.3% first-year return on $170k initial cash invested.
-21.3%
Cash On Cash
1.78%
Cap Rate
0.27
DSCR
$3,620
Rent
-$3,009
Cashflow
Cash Flow
$3,620 income − $6,629 expenses = $3,009 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$144k
Closing costs
1%
$7,217
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,620
Total Expenses
$6,629
Mortgage P&I
109%
$3,936
Property Taxes
19%
$696
Home Insurance
7%
$259
HOA
0%
$0
Property Management
15%
$543
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$905