This property looks like a bad Airbnb investment with a projected -18.22% first-year return on $186k initial cash invested.
-18.22%
Cash On Cash
2.24%
Cap Rate
0.36
DSCR
$4,550
Rent
-$2,819
Cashflow
Cash Flow
$4,550 income − $7,369 expenses = $2,819 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,985
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,550
Total Expenses
$7,369
Mortgage P&I
91%
$4,126
Property Taxes
17%
$779
Home Insurance
6%
$280
HOA
0%
$0
Property Management
15%
$682
CapEx
4%
$182
Vacancy
0%
$0
Maintenance
4%
$182
Other
25%
$1,138