This property looks like a bad Airbnb investment with a projected -23.15% first-year return on $186k initial cash invested.
-23.15%
Cash On Cash
1.41%
Cap Rate
0.21
DSCR
$3,415
Rent
-$3,586
Cashflow
Cash Flow
$3,415 income − $7,001 expenses = $3,586 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,995
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,415
Total Expenses
$7,001
Mortgage P&I
129%
$4,390
Property Taxes
20%
$689
Home Insurance
8%
$280
HOA
0%
$2
Property Management
15%
$512
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$854