This property looks like a bad Airbnb investment with a projected -21.75% first-year return on $187k initial cash invested.
-21.75%
Cash On Cash
1.26%
Cap Rate
0.2
DSCR
$2,722
Rent
-$3,387
Cashflow
Cash Flow
$2,722 income − $6,109 expenses = $3,387 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,041
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,722
Total Expenses
$6,109
Mortgage P&I
151%
$4,119
Property Taxes
14%
$394
Home Insurance
11%
$290
HOA
0%
$0
Property Management
15%
$408
CapEx
4%
$109
Vacancy
0%
$0
Maintenance
4%
$109
Other
25%
$680