This property looks like a bad Airbnb investment with a projected -20.93% first-year return on $185k initial cash invested.
-20.93%
Cash On Cash
1.33%
Cap Rate
0.22
DSCR
$2,244
Rent
-$3,226
Cashflow
Cash Flow
$2,244 income − $5,470 expenses = $3,226 out of pocket
Investment Breakdown
|
Purchase Price
$795k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,244
Total Expenses
$5,470
Mortgage P&I
179%
$4,014
Property Taxes
4%
$100
Home Insurance
12%
$278
HOA
0%
$0
Property Management
15%
$337
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$561