This property looks like a bad Airbnb investment with a projected -29.06% first-year return on $179k initial cash invested.
-29.06%
Cash On Cash
-0.48%
Cap Rate
-0.08
DSCR
$2,913
Rent
-$4,331
Cashflow
Cash Flow
$2,913 income − $7,244 expenses = $4,331 out of pocket
Investment Breakdown
|
Purchase Price
$766k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,660
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,913
Total Expenses
$7,244
Mortgage P&I
134%
$3,910
Property Taxes
45%
$1,312
Home Insurance
9%
$273
HOA
12%
$350
Property Management
15%
$437
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$728