This property looks like a bad Airbnb investment with a projected -18.09% first-year return on $186k initial cash invested.
-18.09%
Cash On Cash
2.04%
Cap Rate
0.34
DSCR
$3,000
Rent
-$2,801
Cashflow
Cash Flow
$3,000 income − $5,801 expenses = $2,801 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,000
Total Expenses
$5,801
Mortgage P&I
135%
$4,040
Property Taxes
1%
$41
Home Insurance
9%
$280
HOA
0%
$0
Property Management
15%
$450
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$750