This property looks like a bad Airbnb investment with a projected -31.31% first-year return on $186k initial cash invested.
-31.31%
Cash On Cash
-0.74%
Cap Rate
-0.11
DSCR
$990
Rent
-$4,850
Cashflow
Cash Flow
$990 income − $5,840 expenses = $4,850 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,994
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$990
Total Expenses
$5,840
Mortgage P&I
436%
$4,318
Property Taxes
77%
$766
Home Insurance
28%
$280
HOA
0%
$0
Property Management
15%
$148
CapEx
4%
$40
Vacancy
0%
$0
Maintenance
4%
$40
Other
25%
$248