This property looks like a bad Airbnb investment with a projected -24.42% first-year return on $181k initial cash invested.
-24.42%
Cash On Cash
0.86%
Cap Rate
0.13
DSCR
$2,548
Rent
-$3,685
Cashflow
Cash Flow
$2,548 income − $6,233 expenses = $3,685 out of pocket
Investment Breakdown
|
Purchase Price
$748k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$150k
Closing costs
1%
$7,480
Rehab
0%
$0
Furnishing
3%
$24,000
Cashflow
Total Income
$2,548
Total Expenses
$6,233
Mortgage P&I
162%
$4,120
Property Taxes
28%
$703
Home Insurance
7%
$187
HOA
0%
$0
Property Management
15%
$382
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$637