This property looks like a bad Airbnb investment with a projected -14.81% first-year return on $183k initial cash invested.
-14.81%
Cash On Cash
3.27%
Cap Rate
0.51
DSCR
$5,387
Rent
-$2,261
Cashflow
Cash Flow
$5,387 income − $7,648 expenses = $2,261 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%
$7,869
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,387
Total Expenses
$7,648
Mortgage P&I
78%
$4,188
Property Taxes
8%
$455
Home Insurance
8%
$420
HOA
0%
$0
Property Management
15%
$808
CapEx
4%
$215
Vacancy
0%
$0
Maintenance
4%
$215
Other
25%
$1,347