This property looks like a bad Airbnb investment with a projected -24.98% first-year return on $179k initial cash invested.
-24.98%
Cash On Cash
1%
Cap Rate
0.15
DSCR
$2,849
Rent
-$3,716
Cashflow
Cash Flow
$2,849 income − $6,565 expenses = $3,716 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,645
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,849
Total Expenses
$6,565
Mortgage P&I
149%
$4,236
Property Taxes
24%
$691
Home Insurance
10%
$271
HOA
0%
$0
Property Management
15%
$427
CapEx
4%
$114
Vacancy
0%
$0
Maintenance
4%
$114
Other
25%
$712