This property looks like a bad Airbnb investment with a projected -23.5% first-year return on $178k initial cash invested.
-23.5%
Cash On Cash
1.22%
Cap Rate
0.19
DSCR
$2,606
Rent
-$3,486
Cashflow
Cash Flow
$2,606 income − $6,092 expenses = $3,486 out of pocket
Investment Breakdown
|
Purchase Price
$762k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$152k
Closing costs
1%
$7,618
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,606
Total Expenses
$6,092
Mortgage P&I
160%
$4,157
Property Taxes
14%
$378
Home Insurance
12%
$306
HOA
0%
$0
Property Management
15%
$391
CapEx
4%
$104
Vacancy
0%
$0
Maintenance
4%
$104
Other
25%
$652