This property looks like a bad Airbnb investment with a projected -20.7% first-year return on $184k initial cash invested.
-20.7%
Cash On Cash
1.96%
Cap Rate
0.3
DSCR
$4,221
Rent
-$3,166
Cashflow
Cash Flow
$4,221 income − $7,387 expenses = $3,166 out of pocket
Investment Breakdown
|
Purchase Price
$788k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,881
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,221
Total Expenses
$7,387
Mortgage P&I
101%
$4,281
Property Taxes
19%
$795
Home Insurance
7%
$285
HOA
0%
$0
Property Management
15%
$633
CapEx
4%
$169
Vacancy
0%
$0
Maintenance
4%
$169
Other
25%
$1,055