This property looks like a bad Airbnb investment with a projected -19.79% first-year return on $179k initial cash invested.
-19.79%
Cash On Cash
2.47%
Cap Rate
0.36
DSCR
$4,639
Rent
-$2,951
Cashflow
Cash Flow
$4,639 income − $7,590 expenses = $2,951 out of pocket
Investment Breakdown
|
Purchase Price
$767k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,665
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,639
Total Expenses
$7,590
Mortgage P&I
94%
$4,344
Property Taxes
16%
$749
Home Insurance
6%
$269
HOA
0%
$0
Property Management
15%
$696
CapEx
4%
$186
Vacancy
0%
$0
Maintenance
4%
$186
Other
25%
$1,160