This property looks like a bad Airbnb investment with a projected -15.4% first-year return on $179k initial cash invested.
-15.4%
Cash On Cash
2.81%
Cap Rate
0.46
DSCR
$4,483
Rent
-$2,292
Cashflow
Cash Flow
$4,483 income − $6,775 expenses = $2,292 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,646
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,483
Total Expenses
$6,775
Mortgage P&I
87%
$3,903
Property Taxes
9%
$422
Home Insurance
6%
$280
HOA
0%
$19
Property Management
15%
$672
CapEx
4%
$179
Vacancy
0%
$0
Maintenance
4%
$179
Other
25%
$1,121