This property looks like a bad Airbnb investment with a projected -22.87% first-year return on $184k initial cash invested.
-22.87%
Cash On Cash
1%
Cap Rate
0.16
DSCR
$2,337
Rent
-$3,504
Cashflow
Cash Flow
$2,337 income − $5,841 expenses = $3,504 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,899
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,337
Total Expenses
$5,841
Mortgage P&I
174%
$4,066
Property Taxes
16%
$378
Home Insurance
12%
$276
HOA
0%
$0
Property Management
15%
$351
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$584