This property looks like a bad Airbnb investment with a projected -19.94% first-year return on $185k initial cash invested.
-19.94%
Cash On Cash
1.81%
Cap Rate
0.29
DSCR
$3,889
Rent
-$3,067
Cashflow
Cash Flow
$3,889 income − $6,956 expenses = $3,067 out of pocket
Investment Breakdown
|
Purchase Price
$793k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,930
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,889
Total Expenses
$6,956
Mortgage P&I
106%
$4,110
Property Taxes
18%
$699
Home Insurance
7%
$280
HOA
0%
$0
Property Management
15%
$583
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$972