This property looks like a bad Airbnb investment with a projected -6.23% first-year return on $179k initial cash invested.
-6.23%
Cash On Cash
5.43%
Cap Rate
0.85
DSCR
$7,907
Rent
-$927
Cashflow
Cash Flow
$7,907 income − $8,834 expenses = $927 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,650
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,907
Total Expenses
$8,834
Mortgage P&I
51%
$4,070
Property Taxes
9%
$701
Home Insurance
3%
$268
HOA
0%
$0
Property Management
15%
$1,186
CapEx
4%
$316
Vacancy
0%
$0
Maintenance
4%
$316
Other
25%
$1,977