This property looks like a bad Airbnb investment with a projected -14.52% first-year return on $174k initial cash invested.
-14.52%
Cash On Cash
3.01%
Cap Rate
0.49
DSCR
$4,455
Rent
-$2,101
Cashflow
Cash Flow
$4,455 income − $6,556 expenses = $2,101 out of pocket
Investment Breakdown
|
Purchase Price
$741k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,412
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,455
Total Expenses
$6,556
Mortgage P&I
85%
$3,783
Property Taxes
8%
$365
Home Insurance
6%
$270
HOA
0%
$0
Property Management
15%
$668
CapEx
4%
$178
Vacancy
0%
$0
Maintenance
4%
$178
Other
25%
$1,114