This property looks like a bad Airbnb investment with a projected -19.46% first-year return on $185k initial cash invested.
-19.46%
Cash On Cash
2.03%
Cap Rate
0.32
DSCR
$3,750
Rent
-$2,999
Cashflow
Cash Flow
$3,750 income − $6,749 expenses = $2,999 out of pocket
Investment Breakdown
|
Purchase Price
$795k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,750
Total Expenses
$6,749
Mortgage P&I
112%
$4,191
Property Taxes
13%
$480
Home Insurance
7%
$278
HOA
0%
$0
Property Management
15%
$562
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$938