This property looks like a bad Airbnb investment with a projected -17.6% first-year return on $186k initial cash invested.
-17.6%
Cash On Cash
2.9%
Cap Rate
0.43
DSCR
$5,260
Rent
-$2,728
Cashflow
Cash Flow
$5,260 income − $7,988 expenses = $2,728 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,260
Total Expenses
$7,988
Mortgage P&I
85%
$4,451
Property Taxes
14%
$733
Home Insurance
5%
$280
HOA
0%
$0
Property Management
15%
$789
CapEx
4%
$210
Vacancy
0%
$0
Maintenance
4%
$210
Other
25%
$1,315