This property looks like a bad Airbnb investment with a projected -20.99% first-year return on $169k initial cash invested.
-20.99%
Cash On Cash
1.26%
Cap Rate
0.21
DSCR
$2,391
Rent
-$2,965
Cashflow
Cash Flow
$2,391 income − $5,356 expenses = $2,965 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,214
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,391
Total Expenses
$5,356
Mortgage P&I
152%
$3,624
Property Taxes
7%
$156
Home Insurance
11%
$266
HOA
7%
$161
Property Management
15%
$359
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$598