This property looks like a bad Airbnb investment with a projected -18.17% first-year return on $179k initial cash invested.
-18.17%
Cash On Cash
2.32%
Cap Rate
0.37
DSCR
$3,490
Rent
-$2,718
Cashflow
Cash Flow
$3,490 income − $6,208 expenses = $2,718 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$154k
Closing costs
1%
$7,690
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,490
Total Expenses
$6,208
Mortgage P&I
116%
$4,063
Property Taxes
6%
$200
Home Insurance
8%
$269
HOA
0%
$0
Property Management
15%
$524
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$872