This property looks like a bad Airbnb investment with a projected -20.23% first-year return on $173k initial cash invested.
-20.23%
Cash On Cash
1.81%
Cap Rate
0.29
DSCR
$3,352
Rent
-$2,923
Cashflow
Cash Flow
$3,352 income − $6,275 expenses = $2,923 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,399
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,352
Total Expenses
$6,275
Mortgage P&I
117%
$3,908
Property Taxes
15%
$499
Home Insurance
8%
$259
HOA
0%
$0
Property Management
15%
$503
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$838