This property looks like a bad Airbnb investment with a projected -14.35% first-year return on $181k initial cash invested.
-14.35%
Cash On Cash
3.28%
Cap Rate
0.52
DSCR
$4,564
Rent
-$2,162
Cashflow
Cash Flow
$4,564 income − $6,726 expenses = $2,162 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,564
Total Expenses
$6,726
Mortgage P&I
90%
$4,097
Property Taxes
4%
$166
Home Insurance
6%
$271
HOA
0%
$0
Property Management
15%
$685
CapEx
4%
$183
Vacancy
0%
$0
Maintenance
4%
$183
Other
25%
$1,141