This property looks like a bad Airbnb investment with a projected -12.78% first-year return on $185k initial cash invested.
-12.78%
Cash On Cash
3.41%
Cap Rate
0.56
DSCR
$4,834
Rent
-$1,972
Cashflow
Cash Flow
$4,834 income − $6,806 expenses = $1,972 out of pocket
Investment Breakdown
|
Purchase Price
$796k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,960
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,834
Total Expenses
$6,806
Mortgage P&I
84%
$4,043
Property Taxes
3%
$165
Home Insurance
6%
$279
HOA
0%
$0
Property Management
15%
$725
CapEx
4%
$193
Vacancy
0%
$0
Maintenance
4%
$193
Other
25%
$1,208