This property looks like a bad Airbnb investment with a projected -15.54% first-year return on $181k initial cash invested.
-15.54%
Cash On Cash
2.74%
Cap Rate
0.45
DSCR
$4,635
Rent
-$2,340
Cashflow
Cash Flow
$4,635 income − $6,975 expenses = $2,340 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,635
Total Expenses
$6,975
Mortgage P&I
85%
$3,927
Property Taxes
12%
$553
Home Insurance
6%
$271
HOA
0%
$0
Property Management
15%
$695
CapEx
4%
$185
Vacancy
0%
$0
Maintenance
4%
$185
Other
25%
$1,159