This property looks like a bad Airbnb investment with a projected -20.53% first-year return on $184k initial cash invested.
-20.53%
Cash On Cash
1.57%
Cap Rate
0.25
DSCR
$3,020
Rent
-$3,142
Cashflow
Cash Flow
$3,020 income − $6,162 expenses = $3,142 out of pocket
Investment Breakdown
|
Purchase Price
$789k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,020
Total Expenses
$6,162
Mortgage P&I
134%
$4,054
Property Taxes
13%
$382
Home Insurance
9%
$276
HOA
0%
$0
Property Management
15%
$453
CapEx
4%
$121
Vacancy
0%
$0
Maintenance
4%
$121
Other
25%
$755