This property looks like a bad Airbnb investment with a projected -25.35% first-year return on $177k initial cash invested.
-25.35%
Cash On Cash
0.35%
Cap Rate
0.06
DSCR
$2,536
Rent
-$3,744
Cashflow
Cash Flow
$2,536 income − $6,280 expenses = $3,744 out of pocket
Investment Breakdown
|
Purchase Price
$758k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,583
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,536
Total Expenses
$6,280
Mortgage P&I
152%
$3,866
Property Taxes
37%
$928
Home Insurance
11%
$270
HOA
0%
$0
Property Management
15%
$380
CapEx
4%
$101
Vacancy
0%
$0
Maintenance
4%
$101
Other
25%
$634