This property looks like a bad Airbnb investment with a projected -25.49% first-year return on $188k initial cash invested.
-25.49%
Cash On Cash
1.04%
Cap Rate
0.15
DSCR
$2,977
Rent
-$3,999
Cashflow
Cash Flow
$2,977 income − $6,976 expenses = $3,999 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,106
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,977
Total Expenses
$6,976
Mortgage P&I
154%
$4,584
Property Taxes
16%
$477
Home Insurance
10%
$298
HOA
6%
$188
Property Management
15%
$447
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$744