This property looks like a bad Airbnb investment with a projected -18.1% first-year return on $191k initial cash invested.
-18.1%
Cash On Cash
2.18%
Cap Rate
0.35
DSCR
$3,895
Rent
-$2,885
Cashflow
Cash Flow
$3,895 income − $6,780 expenses = $2,885 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,895
Total Expenses
$6,780
Mortgage P&I
108%
$4,225
Property Taxes
9%
$344
Home Insurance
7%
$289
HOA
1%
$52
Property Management
15%
$584
CapEx
4%
$156
Vacancy
0%
$0
Maintenance
4%
$156
Other
25%
$974