This property looks like a bad Airbnb investment with a projected -19.61% first-year return on $176k initial cash invested.
-19.61%
Cash On Cash
1.74%
Cap Rate
0.28
DSCR
$3,159
Rent
-$2,882
Cashflow
Cash Flow
$3,159 income − $6,041 expenses = $2,882 out of pocket
Investment Breakdown
|
Purchase Price
$754k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$151k
Closing costs
1%
$7,542
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,159
Total Expenses
$6,041
Mortgage P&I
122%
$3,849
Property Taxes
12%
$386
Home Insurance
9%
$280
HOA
0%
$10
Property Management
15%
$474
CapEx
4%
$126
Vacancy
0%
$0
Maintenance
4%
$126
Other
25%
$790