This property looks like a bad Airbnb investment with a projected -22.61% first-year return on $181k initial cash invested.
-22.61%
Cash On Cash
1.05%
Cap Rate
0.17
DSCR
$2,414
Rent
-$3,405
Cashflow
Cash Flow
$2,414 income − $5,819 expenses = $3,405 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,414
Total Expenses
$5,819
Mortgage P&I
165%
$3,985
Property Taxes
17%
$403
Home Insurance
11%
$271
HOA
0%
$0
Property Management
15%
$362
CapEx
4%
$97
Vacancy
0%
$0
Maintenance
4%
$97
Other
25%
$604