This property looks like a bad Airbnb investment with a projected -18.3% first-year return on $182k initial cash invested.
-18.3%
Cash On Cash
2.09%
Cap Rate
0.34
DSCR
$4,418
Rent
-$2,778
Cashflow
Cash Flow
$4,418 income − $7,196 expenses = $2,778 out of pocket
Investment Breakdown
|
Purchase Price
$782k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,817
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,418
Total Expenses
$7,196
Mortgage P&I
90%
$3,961
Property Taxes
11%
$499
Home Insurance
7%
$300
HOA
7%
$315
Property Management
15%
$663
CapEx
4%
$177
Vacancy
0%
$0
Maintenance
4%
$177
Other
25%
$1,104