This property looks like a bad Airbnb investment with a projected -23.73% first-year return on $179k initial cash invested.
-23.73%
Cash On Cash
0.71%
Cap Rate
0.12
DSCR
$1,550
Rent
-$3,543
Cashflow
Cash Flow
$1,550 income − $5,093 expenses = $3,543 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
$1,550
Total Expenses
$5,093
Mortgage P&I
254%
$3,936
Property Taxes
9%
$133
Home Insurance
18%
$280
HOA
0%
$0
Property Management
15%
$232
CapEx
4%
$62
Vacancy
0%
$0
Maintenance
4%
$62
Other
25%
$388