This property looks like a bad Airbnb investment with a projected -25.7% first-year return on $181k initial cash invested.
-25.7%
Cash On Cash
0.23%
Cap Rate
0.04
DSCR
$2,311
Rent
-$3,887
Cashflow
Cash Flow
$2,311 income − $6,198 expenses = $3,887 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$156k
Closing costs
1%
$7,785
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,311
Total Expenses
$6,198
Mortgage P&I
171%
$3,941
Property Taxes
37%
$864
Home Insurance
12%
$284
HOA
0%
$0
Property Management
15%
$347
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$578