This property looks like a bad Airbnb investment with a projected -21.05% first-year return on $187k initial cash invested.
-21.05%
Cash On Cash
1.35%
Cap Rate
0.22
DSCR
$2,796
Rent
-$3,275
Cashflow
Cash Flow
$2,796 income − $6,071 expenses = $3,275 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,035
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,796
Total Expenses
$6,071
Mortgage P&I
145%
$4,067
Property Taxes
13%
$373
Home Insurance
10%
$289
HOA
0%
$0
Property Management
15%
$419
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$699