This property looks like a bad Airbnb investment with a projected -28.22% first-year return on $183k initial cash invested.
-28.22%
Cash On Cash
-0.12%
Cap Rate
-0.02
DSCR
$1,248
Rent
-$4,295
Cashflow
Cash Flow
$1,248 income − $5,543 expenses = $4,295 out of pocket
Investment Breakdown
|
Purchase Price
$784k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,841
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,248
Total Expenses
$5,543
Mortgage P&I
334%
$4,164
Property Taxes
38%
$474
Home Insurance
25%
$306
HOA
0%
$0
Property Management
15%
$187
CapEx
4%
$50
Vacancy
0%
$0
Maintenance
4%
$50
Other
25%
$312