This property looks like a bad Airbnb investment with a projected -23.32% first-year return on $186k initial cash invested.
-23.32%
Cash On Cash
1.7%
Cap Rate
0.25
DSCR
$4,112
Rent
-$3,617
Cashflow
Cash Flow
$4,112 income − $7,729 expenses = $3,617 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$8,005
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,112
Total Expenses
$7,729
Mortgage P&I
112%
$4,587
Property Taxes
21%
$882
Home Insurance
7%
$287
HOA
0%
$0
Property Management
15%
$617
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,028