This property looks like a bad Airbnb investment with a projected -28.58% first-year return on $177k initial cash invested.
-28.58%
Cash On Cash
-0.43%
Cap Rate
-0.07
DSCR
$2,087
Rent
-$4,213
Cashflow
Cash Flow
$2,087 income − $6,300 expenses = $4,213 out of pocket
Investment Breakdown
|
Purchase Price
$757k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,565
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,087
Total Expenses
$6,300
Mortgage P&I
185%
$3,861
Property Taxes
44%
$922
Home Insurance
13%
$271
HOA
12%
$245
Property Management
15%
$313
CapEx
4%
$83
Vacancy
0%
$0
Maintenance
4%
$83
Other
25%
$522