This property looks like a bad Airbnb investment with a projected -26.1% first-year return on $184k initial cash invested.
-26.1%
Cash On Cash
0.19%
Cap Rate
0.03
DSCR
$2,105
Rent
-$4,011
Cashflow
Cash Flow
$2,105 income − $6,116 expenses = $4,011 out of pocket
Investment Breakdown
|
Purchase Price
$792k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,923
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,105
Total Expenses
$6,116
Mortgage P&I
193%
$4,054
Property Taxes
36%
$763
Home Insurance
14%
$289
HOA
0%
$0
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$526