This property looks like a bad Airbnb investment with a projected -22.9% first-year return on $179k initial cash invested.
-22.9%
Cash On Cash
0.99%
Cap Rate
0.16
DSCR
$3,066
Rent
-$3,419
Cashflow
Cash Flow
$3,066 income − $6,485 expenses = $3,419 out of pocket
Investment Breakdown
|
Purchase Price
$768k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$154k
Closing costs
1%
$7,675
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,066
Total Expenses
$6,485
Mortgage P&I
128%
$3,930
Property Taxes
27%
$821
Home Insurance
9%
$262
HOA
0%
$0
Property Management
15%
$460
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$766