This property looks like a bad Airbnb investment with a projected -17.11% first-year return on $178k initial cash invested.
-17.11%
Cash On Cash
2.4%
Cap Rate
0.39
DSCR
$3,979
Rent
-$2,533
Cashflow
Cash Flow
$3,979 income − $6,512 expenses = $2,533 out of pocket
Investment Breakdown
|
Purchase Price
$760k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$152k
Closing costs
1%
$7,601
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,979
Total Expenses
$6,512
Mortgage P&I
98%
$3,892
Property Taxes
11%
$439
Home Insurance
7%
$271
HOA
0%
$0
Property Management
15%
$597
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$995