This property looks like a bad Airbnb investment with a projected -12.31% first-year return on $186k initial cash invested.
-12.31%
Cash On Cash
3.48%
Cap Rate
0.58
DSCR
$5,111
Rent
-$1,908
Cashflow
Cash Flow
$5,111 income − $7,019 expenses = $1,908 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,111
Total Expenses
$7,019
Mortgage P&I
79%
$4,026
Property Taxes
5%
$260
Home Insurance
5%
$280
HOA
0%
$0
Property Management
15%
$767
CapEx
4%
$204
Vacancy
0%
$0
Maintenance
4%
$204
Other
25%
$1,278