This property looks like a bad Airbnb investment with a projected -24.65% first-year return on $179k initial cash invested.
-24.65%
Cash On Cash
0.96%
Cap Rate
0.15
DSCR
$2,831
Rent
-$3,681
Cashflow
Cash Flow
$2,831 income − $6,512 expenses = $3,681 out of pocket
Investment Breakdown
|
Purchase Price
$768k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,831
Total Expenses
$6,512
Mortgage P&I
148%
$4,183
Property Taxes
22%
$622
Home Insurance
10%
$280
HOA
2%
$68
Property Management
15%
$425
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$708