This property looks like a bad Airbnb investment with a projected -17.58% first-year return on $171k initial cash invested.
-17.58%
Cash On Cash
2.23%
Cap Rate
0.36
DSCR
$3,662
Rent
-$2,512
Cashflow
Cash Flow
$3,662 income − $6,174 expenses = $2,512 out of pocket
Investment Breakdown
|
Purchase Price
$731k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,309
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,662
Total Expenses
$6,174
Mortgage P&I
102%
$3,725
Property Taxes
6%
$223
Home Insurance
7%
$261
HOA
6%
$208
Property Management
15%
$549
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$916