This property looks like a bad Airbnb investment with a projected -19.7% first-year return on $183k initial cash invested.
-19.7%
Cash On Cash
2.05%
Cap Rate
0.32
DSCR
$4,269
Rent
-$3,008
Cashflow
Cash Flow
$4,269 income − $7,277 expenses = $3,008 out of pocket
Investment Breakdown
|
Purchase Price
$787k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,870
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,269
Total Expenses
$7,277
Mortgage P&I
98%
$4,179
Property Taxes
18%
$774
Home Insurance
6%
$275
HOA
0%
$0
Property Management
15%
$640
CapEx
4%
$171
Vacancy
0%
$0
Maintenance
4%
$171
Other
25%
$1,067