This property looks like a bad Airbnb investment with a projected -19.61% first-year return on $182k initial cash invested.
-19.61%
Cash On Cash
2.31%
Cap Rate
0.35
DSCR
$4,006
Rent
-$2,979
Cashflow
Cash Flow
$4,006 income − $6,985 expenses = $2,979 out of pocket
Investment Breakdown
|
Purchase Price
$782k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,823
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,006
Total Expenses
$6,985
Mortgage P&I
108%
$4,326
Property Taxes
11%
$430
Home Insurance
7%
$279
HOA
1%
$27
Property Management
15%
$601
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$1,002