This property looks like a bad Airbnb investment with a projected -22.84% first-year return on $183k initial cash invested.
-22.84%
Cash On Cash
1.46%
Cap Rate
0.22
DSCR
$2,921
Rent
-$3,485
Cashflow
Cash Flow
$2,921 income − $6,406 expenses = $3,485 out of pocket
Investment Breakdown
|
Purchase Price
$786k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,861
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,921
Total Expenses
$6,406
Mortgage P&I
148%
$4,326
Property Taxes
13%
$380
Home Insurance
10%
$298
HOA
0%
$0
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730