This property looks like a bad Airbnb investment with a projected -20.17% first-year return on $186k initial cash invested.
-20.17%
Cash On Cash
2.25%
Cap Rate
0.33
DSCR
$3,311
Rent
-$3,123
Cashflow
Cash Flow
$3,311 income − $6,434 expenses = $3,123 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,311
Total Expenses
$6,434
Mortgage P&I
136%
$4,492
Property Taxes
2%
$73
Home Insurance
8%
$280
HOA
0%
$0
Property Management
15%
$497
CapEx
4%
$132
Vacancy
0%
$0
Maintenance
4%
$132
Other
25%
$828