This property looks like a bad Airbnb investment with a projected -22% first-year return on $172k initial cash invested.
-22%
Cash On Cash
1.47%
Cap Rate
0.23
DSCR
$3,288
Rent
-$3,154
Cashflow
Cash Flow
$3,288 income − $6,442 expenses = $3,154 out of pocket
Investment Breakdown
|
Purchase Price
$734k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,336
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,288
Total Expenses
$6,442
Mortgage P&I
119%
$3,921
Property Taxes
21%
$680
Home Insurance
8%
$262
HOA
0%
$0
Property Management
15%
$493
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$822