This property looks like a bad Airbnb investment with a projected -22.15% first-year return on $179k initial cash invested.
-22.15%
Cash On Cash
1.16%
Cap Rate
0.19
DSCR
$3,242
Rent
-$3,300
Cashflow
Cash Flow
$3,242 income − $6,542 expenses = $3,300 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%
$7,656
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,242
Total Expenses
$6,542
Mortgage P&I
121%
$3,908
Property Taxes
25%
$805
Home Insurance
8%
$273
HOA
0%
$0
Property Management
15%
$486
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$810