This property looks like a bad Airbnb investment with a projected -21.88% first-year return on $185k initial cash invested.
-21.88%
Cash On Cash
1.44%
Cap Rate
0.23
DSCR
$3,099
Rent
-$3,380
Cashflow
Cash Flow
$3,099 income − $6,479 expenses = $3,380 out of pocket
Investment Breakdown
|
Purchase Price
$797k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,969
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,099
Total Expenses
$6,479
Mortgage P&I
136%
$4,212
Property Taxes
16%
$487
Home Insurance
9%
$292
HOA
0%
$0
Property Management
15%
$465
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$775