This property looks like a bad Airbnb investment with a projected -22.96% first-year return on $186k initial cash invested.
-22.96%
Cash On Cash
0.95%
Cap Rate
0.16
DSCR
$3,393
Rent
-$3,555
Cashflow
Cash Flow
$3,393 income − $6,948 expenses = $3,555 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,393
Total Expenses
$6,948
Mortgage P&I
119%
$4,054
Property Taxes
29%
$985
Home Insurance
8%
$280
HOA
0%
$0
Property Management
15%
$509
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$848