This property looks like a bad Airbnb investment with a projected -24.92% first-year return on $177k initial cash invested.
-24.92%
Cash On Cash
0.28%
Cap Rate
0.05
DSCR
$2,109
Rent
-$3,680
Cashflow
Cash Flow
$2,109 income − $5,789 expenses = $3,680 out of pocket
Investment Breakdown
|
Purchase Price
$758k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,580
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,109
Total Expenses
$5,789
Mortgage P&I
179%
$3,773
Property Taxes
34%
$727
Home Insurance
13%
$278
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$527