This property looks like a bad Airbnb investment with a projected -18.55% first-year return on $177k initial cash invested.
-18.55%
Cash On Cash
1.99%
Cap Rate
0.33
DSCR
$4,030
Rent
-$2,735
Cashflow
Cash Flow
$4,030 income − $6,765 expenses = $2,735 out of pocket
Investment Breakdown
|
Purchase Price
$757k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,030
Total Expenses
$6,765
Mortgage P&I
95%
$3,832
Property Taxes
18%
$737
Home Insurance
7%
$262
HOA
0%
$0
Property Management
15%
$604
CapEx
4%
$161
Vacancy
0%
$0
Maintenance
4%
$161
Other
25%
$1,008