This property looks like a bad Airbnb investment with a projected -28.32% first-year return on $191k initial cash invested.
-28.32%
Cash On Cash
-0.09%
Cap Rate
-0.01
DSCR
$2,308
Rent
-$4,513
Cashflow
Cash Flow
$2,308 income − $6,821 expenses = $4,513 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,308
Total Expenses
$6,821
Mortgage P&I
189%
$4,356
Property Taxes
46%
$1,069
Home Insurance
13%
$289
HOA
0%
$0
Property Management
15%
$346
CapEx
4%
$92
Vacancy
0%
$0
Maintenance
4%
$92
Other
25%
$577