This property looks like a bad Airbnb investment with a projected -24.6% first-year return on $181k initial cash invested.
-24.6%
Cash On Cash
0.96%
Cap Rate
0.15
DSCR
$2,214
Rent
-$3,705
Cashflow
Cash Flow
$2,214 income − $5,919 expenses = $3,705 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,214
Total Expenses
$5,919
Mortgage P&I
191%
$4,235
Property Taxes
16%
$349
Home Insurance
12%
$271
HOA
0%
$0
Property Management
15%
$332
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$554