This property looks like a bad Airbnb investment with a projected -28.5% first-year return on $179k initial cash invested.
-28.5%
Cash On Cash
0.05%
Cap Rate
0.01
DSCR
$2,640
Rent
-$4,259
Cashflow
Cash Flow
$2,640 income − $6,899 expenses = $4,259 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%
$7,682
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,640
Total Expenses
$6,899
Mortgage P&I
159%
$4,187
Property Taxes
43%
$1,131
Home Insurance
12%
$313
HOA
0%
$0
Property Management
15%
$396
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$660