This property looks like a bad Airbnb investment with a projected -19.79% first-year return on $181k initial cash invested.
-19.79%
Cash On Cash
2.1%
Cap Rate
0.32
DSCR
$4,035
Rent
-$2,981
Cashflow
Cash Flow
$4,035 income − $7,016 expenses = $2,981 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,035
Total Expenses
$7,016
Mortgage P&I
104%
$4,177
Property Taxes
16%
$632
Home Insurance
7%
$271
HOA
0%
$0
Property Management
15%
$605
CapEx
4%
$161
Vacancy
0%
$0
Maintenance
4%
$161
Other
25%
$1,009