This property looks like a bad Airbnb investment with a projected -23.32% first-year return on $194k initial cash invested.
-23.32%
Cash On Cash
1.35%
Cap Rate
0.21
DSCR
$3,403
Rent
-$3,765
Cashflow
Cash Flow
$3,403 income − $7,168 expenses = $3,765 out of pocket
Investment Breakdown
|
Purchase Price
$837k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$167k
Closing costs
1%
$8,370
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,403
Total Expenses
$7,168
Mortgage P&I
134%
$4,568
Property Taxes
20%
$673
Home Insurance
9%
$294
HOA
0%
$0
Property Management
15%
$510
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$851