This property looks like a bad Airbnb investment with a projected -25.2% first-year return on $187k initial cash invested.
-25.2%
Cash On Cash
0.36%
Cap Rate
0.06
DSCR
$2,227
Rent
-$3,938
Cashflow
Cash Flow
$2,227 income − $6,165 expenses = $3,938 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,071
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,227
Total Expenses
$6,165
Mortgage P&I
184%
$4,088
Property Taxes
32%
$710
Home Insurance
13%
$298
HOA
0%
$0
Property Management
15%
$334
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$557