This property looks like a bad Airbnb investment with a projected -20.56% first-year return on $186k initial cash invested.
-20.56%
Cash On Cash
1.5%
Cap Rate
0.25
DSCR
$2,922
Rent
-$3,192
Cashflow
Cash Flow
$2,922 income − $6,114 expenses = $3,192 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$8,014
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,922
Total Expenses
$6,114
Mortgage P&I
140%
$4,077
Property Taxes
12%
$351
Home Insurance
10%
$284
HOA
0%
$0
Property Management
15%
$438
CapEx
4%
$117
Vacancy
0%
$0
Maintenance
4%
$117
Other
25%
$730