This property looks like a bad Airbnb investment with a projected -23.74% first-year return on $185k initial cash invested.
-23.74%
Cash On Cash
1.17%
Cap Rate
0.18
DSCR
$2,904
Rent
-$3,668
Cashflow
Cash Flow
$2,904 income − $6,572 expenses = $3,668 out of pocket
Investment Breakdown
|
Purchase Price
$797k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,971
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,904
Total Expenses
$6,572
Mortgage P&I
149%
$4,328
Property Taxes
20%
$571
Home Insurance
10%
$279
HOA
0%
$0
Property Management
15%
$436
CapEx
4%
$116
Vacancy
0%
$0
Maintenance
4%
$116
Other
25%
$726