This property looks like a bad Airbnb investment with a projected -23.61% first-year return on $177k initial cash invested.
-23.61%
Cash On Cash
0.65%
Cap Rate
0.11
DSCR
$1,482
Rent
-$3,477
Cashflow
Cash Flow
$1,482 income − $4,959 expenses = $3,477 out of pocket
Investment Breakdown
|
Purchase Price
$756k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,558
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,482
Total Expenses
$4,959
Mortgage P&I
258%
$3,825
Property Taxes
10%
$144
Home Insurance
19%
$280
HOA
0%
$0
Property Management
15%
$222
CapEx
4%
$59
Vacancy
0%
$0
Maintenance
4%
$59
Other
25%
$370