This property looks like a bad Airbnb investment with a projected -24.71% first-year return on $182k initial cash invested.
-24.71%
Cash On Cash
1.08%
Cap Rate
0.16
DSCR
$3,171
Rent
-$3,747
Cashflow
Cash Flow
$3,171 income − $6,918 expenses = $3,747 out of pocket
Investment Breakdown
|
Purchase Price
$781k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,808
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,171
Total Expenses
$6,918
Mortgage P&I
136%
$4,322
Property Taxes
25%
$780
Home Insurance
9%
$280
HOA
0%
$13
Property Management
15%
$476
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$793