This property looks like a bad Airbnb investment with a projected -26.28% first-year return on $192k initial cash invested.
-26.28%
Cash On Cash
0.13%
Cap Rate
0.02
DSCR
$3,208
Rent
-$4,199
Cashflow
Cash Flow
$3,208 income − $7,407 expenses = $4,199 out of pocket
Investment Breakdown
|
Purchase Price
$827k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$165k
Closing costs
1%
$8,274
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,208
Total Expenses
$7,407
Mortgage P&I
130%
$4,163
Property Taxes
39%
$1,266
Home Insurance
9%
$297
HOA
4%
$142
Property Management
15%
$481
CapEx
4%
$128
Vacancy
0%
$0
Maintenance
4%
$128
Other
25%
$802