This property looks like a bad Airbnb investment with a projected -28.45% first-year return on $187k initial cash invested.
-28.45%
Cash On Cash
0.32%
Cap Rate
0.05
DSCR
$2,217
Rent
-$4,424
Cashflow
Cash Flow
$2,217 income − $6,641 expenses = $4,424 out of pocket
Investment Breakdown
|
Purchase Price
$803k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,029
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,217
Total Expenses
$6,641
Mortgage P&I
205%
$4,551
Property Taxes
34%
$756
Home Insurance
12%
$269
HOA
0%
$0
Property Management
15%
$333
CapEx
4%
$89
Vacancy
0%
$0
Maintenance
4%
$89
Other
25%
$554