This property looks like a bad Airbnb investment with a projected -6.51% first-year return on $186k initial cash invested.
-6.51%
Cash On Cash
4.95%
Cap Rate
0.82
DSCR
$6,681
Rent
-$1,009
Cashflow
Cash Flow
$6,681 income − $7,690 expenses = $1,009 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$8,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,681
Total Expenses
$7,690
Mortgage P&I
61%
$4,045
Property Taxes
2%
$159
Home Insurance
4%
$280
HOA
0%
$0
Property Management
15%
$1,002
CapEx
4%
$267
Vacancy
0%
$0
Maintenance
4%
$267
Other
25%
$1,670