This property looks like a bad Airbnb investment with a projected -22.44% first-year return on $176k initial cash invested.
-22.44%
Cash On Cash
0.97%
Cap Rate
0.16
DSCR
$2,823
Rent
-$3,297
Cashflow
Cash Flow
$2,823 income − $6,120 expenses = $3,297 out of pocket
Investment Breakdown
|
Purchase Price
$754k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$151k
Closing costs
1%
$7,539
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,823
Total Expenses
$6,120
Mortgage P&I
134%
$3,795
Property Taxes
25%
$706
Home Insurance
9%
$264
HOA
0%
$0
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$706