This property looks like a bad Airbnb investment with a projected -21.26% first-year return on $178k initial cash invested.
-21.26%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$2,333
Rent
-$3,161
Cashflow
Cash Flow
$2,333 income − $5,494 expenses = $3,161 out of pocket
Investment Breakdown
|
Purchase Price
$764k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$153k
Closing costs
1%
$7,638
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,333
Total Expenses
$5,494
Mortgage P&I
170%
$3,958
Property Taxes
6%
$132
Home Insurance
12%
$285
HOA
0%
$0
Property Management
15%
$350
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$583