This property looks like a bad Airbnb investment with a projected -21.03% first-year return on $186k initial cash invested.
-21.03%
Cash On Cash
2.01%
Cap Rate
0.3
DSCR
$4,358
Rent
-$3,265
Cashflow
Cash Flow
$4,358 income − $7,623 expenses = $3,265 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,358
Total Expenses
$7,623
Mortgage P&I
102%
$4,436
Property Taxes
19%
$815
Home Insurance
6%
$280
HOA
0%
$0
Property Management
15%
$654
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,090