This property looks like a bad Airbnb investment with a projected -20.91% first-year return on $187k initial cash invested.
-20.91%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$3,541
Rent
-$3,258
Cashflow
Cash Flow
$3,541 income − $6,799 expenses = $3,258 out of pocket
Investment Breakdown
|
Purchase Price
$805k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,048
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,541
Total Expenses
$6,799
Mortgage P&I
125%
$4,436
Property Taxes
11%
$381
Home Insurance
8%
$282
HOA
0%
$0
Property Management
15%
$531
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$885