This property looks like a bad Airbnb investment with a projected -20.82% first-year return on $174k initial cash invested.
-20.82%
Cash On Cash
1.43%
Cap Rate
0.23
DSCR
$3,350
Rent
-$3,023
Cashflow
Cash Flow
$3,350 income − $6,373 expenses = $3,023 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,440
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,350
Total Expenses
$6,373
Mortgage P&I
113%
$3,775
Property Taxes
20%
$684
Home Insurance
9%
$306
HOA
0%
$0
Property Management
15%
$502
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$838