This property looks like a bad Airbnb investment with a projected -16.45% first-year return on $185k initial cash invested.
-16.45%
Cash On Cash
3.21%
Cap Rate
0.48
DSCR
$5,419
Rent
-$2,532
Cashflow
Cash Flow
$5,419 income − $7,951 expenses = $2,532 out of pocket
Investment Breakdown
|
Purchase Price
$794k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,937
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,419
Total Expenses
$7,951
Mortgage P&I
82%
$4,436
Property Taxes
6%
$320
Home Insurance
11%
$593
HOA
0%
$0
Property Management
15%
$813
CapEx
4%
$217
Vacancy
0%
$0
Maintenance
4%
$217
Other
25%
$1,355