This property looks like a bad Airbnb investment with a projected -12.38% first-year return on $177k initial cash invested.
-12.38%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$6,313
Rent
-$1,826
Cashflow
Cash Flow
$6,313 income − $8,139 expenses = $1,826 out of pocket
Investment Breakdown
|
Purchase Price
$757k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,570
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,313
Total Expenses
$8,139
Mortgage P&I
66%
$4,155
Property Taxes
11%
$688
Home Insurance
4%
$265
HOA
0%
$0
Property Management
15%
$947
CapEx
4%
$253
Vacancy
0%
$0
Maintenance
4%
$253
Other
25%
$1,578