This property looks like a bad Airbnb investment with a projected -14.31% first-year return on $193k initial cash invested.
-14.31%
Cash On Cash
3.65%
Cap Rate
0.55
DSCR
$6,305
Rent
-$2,298
Cashflow
Cash Flow
$6,305 income − $8,603 expenses = $2,298 out of pocket
Investment Breakdown
|
Purchase Price
$832k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$166k
Closing costs
1%
$8,322
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,305
Total Expenses
$8,603
Mortgage P&I
73%
$4,576
Property Taxes
11%
$695
Home Insurance
5%
$306
HOA
0%
$0
Property Management
15%
$946
CapEx
4%
$252
Vacancy
0%
$0
Maintenance
4%
$252
Other
25%
$1,576