This property looks like a bad Airbnb investment with a projected -20.49% first-year return on $186k initial cash invested.
-20.49%
Cash On Cash
2.1%
Cap Rate
0.31
DSCR
$3,195
Rent
-$3,176
Cashflow
Cash Flow
$3,195 income − $6,371 expenses = $3,176 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$8,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,195
Total Expenses
$6,371
Mortgage P&I
139%
$4,446
Property Taxes
3%
$111
Home Insurance
9%
$280
HOA
0%
$0
Property Management
15%
$479
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$799