This property looks like a bad Airbnb investment with a projected -22.2% first-year return on $178k initial cash invested.
-22.2%
Cash On Cash
1.09%
Cap Rate
0.18
DSCR
$2,621
Rent
-$3,294
Cashflow
Cash Flow
$2,621 income − $5,915 expenses = $3,294 out of pocket
Investment Breakdown
|
Purchase Price
$762k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$152k
Closing costs
1%
$7,623
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,621
Total Expenses
$5,915
Mortgage P&I
148%
$3,884
Property Taxes
19%
$502
Home Insurance
10%
$271
HOA
0%
$0
Property Management
15%
$393
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$655