This property looks like a bad Airbnb investment with a projected -19.6% first-year return on $181k initial cash invested.
-19.6%
Cash On Cash
1.72%
Cap Rate
0.29
DSCR
$4,026
Rent
-$2,955
Cashflow
Cash Flow
$4,026 income − $6,981 expenses = $2,955 out of pocket
Investment Breakdown
|
Purchase Price
$776k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,758
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,026
Total Expenses
$6,981
Mortgage P&I
97%
$3,909
Property Taxes
21%
$862
Home Insurance
7%
$278
HOA
0%
$0
Property Management
15%
$604
CapEx
4%
$161
Vacancy
0%
$0
Maintenance
4%
$161
Other
25%
$1,006