This property looks like a bad Airbnb investment with a projected -19.75% first-year return on $169k initial cash invested.
-19.75%
Cash On Cash
1.9%
Cap Rate
0.3
DSCR
$3,505
Rent
-$2,786
Cashflow
Cash Flow
$3,505 income − $6,291 expenses = $2,786 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,203
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,505
Total Expenses
$6,291
Mortgage P&I
108%
$3,784
Property Taxes
10%
$335
Home Insurance
14%
$490
HOA
0%
$0
Property Management
15%
$526
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$876