This property looks like a bad Airbnb investment with a projected -16.14% first-year return on $182k initial cash invested.
-16.14%
Cash On Cash
2.55%
Cap Rate
0.42
DSCR
$3,692
Rent
-$2,455
Cashflow
Cash Flow
$3,692 income − $6,147 expenses = $2,455 out of pocket
Investment Breakdown
|
Purchase Price
$783k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,692
Total Expenses
$6,147
Mortgage P&I
108%
$3,969
Property Taxes
3%
$115
Home Insurance
8%
$290
HOA
0%
$0
Property Management
15%
$554
CapEx
4%
$148
Vacancy
0%
$0
Maintenance
4%
$148
Other
25%
$923