This property looks like a bad Airbnb investment with a projected -23.18% first-year return on $178k initial cash invested.
-23.18%
Cash On Cash
1.39%
Cap Rate
0.21
DSCR
$3,384
Rent
-$3,444
Cashflow
Cash Flow
$3,384 income − $6,828 expenses = $3,444 out of pocket
Investment Breakdown
|
Purchase Price
$763k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$153k
Closing costs
1%
$7,633
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,384
Total Expenses
$6,828
Mortgage P&I
124%
$4,190
Property Taxes
22%
$743
Home Insurance
8%
$271
HOA
0%
$0
Property Management
15%
$508
CapEx
4%
$135
Vacancy
0%
$0
Maintenance
4%
$135
Other
25%
$846