This property looks like a bad Airbnb investment with a projected -20.69% first-year return on $177k initial cash invested.
-20.69%
Cash On Cash
1.72%
Cap Rate
0.27
DSCR
$3,375
Rent
-$3,047
Cashflow
Cash Flow
$3,375 income − $6,422 expenses = $3,047 out of pocket
Investment Breakdown
|
Purchase Price
$756k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,560
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,375
Total Expenses
$6,422
Mortgage P&I
118%
$3,998
Property Taxes
11%
$361
Home Insurance
8%
$275
HOA
5%
$168
Property Management
15%
$506
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$844