This property looks like a bad Airbnb investment with a projected -24.56% first-year return on $186k initial cash invested.
-24.56%
Cash On Cash
0.58%
Cap Rate
0.1
DSCR
$3,325
Rent
-$3,803
Cashflow
Cash Flow
$3,325 income − $7,128 expenses = $3,803 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,325
Total Expenses
$7,128
Mortgage P&I
122%
$4,058
Property Taxes
36%
$1,194
Home Insurance
8%
$280
HOA
0%
$0
Property Management
15%
$499
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$831