This property looks like a bad Airbnb investment with a projected -23.41% first-year return on $190k initial cash invested.
-23.41%
Cash On Cash
1.34%
Cap Rate
0.21
DSCR
$3,936
Rent
-$3,705
Cashflow
Cash Flow
$3,936 income − $7,641 expenses = $3,705 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,185
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,936
Total Expenses
$7,641
Mortgage P&I
113%
$4,464
Property Taxes
24%
$944
Home Insurance
9%
$345
HOA
0%
$0
Property Management
15%
$590
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$984