This property looks like a bad Airbnb investment with a projected -18.56% first-year return on $186k initial cash invested.
-18.56%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$4,741
Rent
-$2,874
Cashflow
Cash Flow
$4,741 income − $7,615 expenses = $2,874 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,741
Total Expenses
$7,615
Mortgage P&I
93%
$4,404
Property Taxes
14%
$655
Home Insurance
6%
$280
HOA
0%
$0
Property Management
15%
$711
CapEx
4%
$190
Vacancy
0%
$0
Maintenance
4%
$190
Other
25%
$1,185