This property looks like a bad Airbnb investment with a projected -21.02% first-year return on $182k initial cash invested.
-21.02%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$3,975
Rent
-$3,197
Cashflow
Cash Flow
$3,975 income − $7,172 expenses = $3,197 out of pocket
Investment Breakdown
|
Purchase Price
$783k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$157k
Closing costs
1%
$7,832
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,975
Total Expenses
$7,172
Mortgage P&I
109%
$4,338
Property Taxes
16%
$646
Home Insurance
7%
$280
HOA
0%
$0
Property Management
15%
$596
CapEx
4%
$159
Vacancy
0%
$0
Maintenance
4%
$159
Other
25%
$994