This property looks like a bad Airbnb investment with a projected -17.53% first-year return on $183k initial cash invested.
-17.53%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$4,767
Rent
-$2,680
Cashflow
Cash Flow
$4,767 income − $7,447 expenses = $2,680 out of pocket
Investment Breakdown
|
Purchase Price
$788k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$158k
Closing costs
1%
$7,880
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,767
Total Expenses
$7,447
Mortgage P&I
90%
$4,300
Property Taxes
12%
$578
Home Insurance
6%
$280
HOA
0%
$0
Property Management
15%
$715
CapEx
4%
$191
Vacancy
0%
$0
Maintenance
4%
$191
Other
25%
$1,192