This property looks like a bad Airbnb investment with a projected -17.18% first-year return on $181k initial cash invested.
-17.18%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$5,140
Rent
-$2,588
Cashflow
Cash Flow
$5,140 income − $7,728 expenses = $2,588 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,749
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,140
Total Expenses
$7,728
Mortgage P&I
83%
$4,253
Property Taxes
14%
$729
Home Insurance
5%
$278
HOA
0%
$0
Property Management
15%
$771
CapEx
4%
$206
Vacancy
0%
$0
Maintenance
4%
$206
Other
25%
$1,285