This property looks like a bad Airbnb investment with a projected -28.09% first-year return on $183k initial cash invested.
-28.09%
Cash On Cash
0.12%
Cap Rate
0.02
DSCR
$1,946
Rent
-$4,292
Cashflow
Cash Flow
$1,946 income − $6,238 expenses = $4,292 out of pocket
Investment Breakdown
|
Purchase Price
$788k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$158k
Closing costs
1%
$7,875
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,946
Total Expenses
$6,238
Mortgage P&I
221%
$4,295
Property Taxes
37%
$720
Home Insurance
14%
$280
HOA
0%
$9
Property Management
15%
$292
CapEx
4%
$78
Vacancy
0%
$0
Maintenance
4%
$78
Other
25%
$486