This property looks like a bad Airbnb investment with a projected -18.19% first-year return on $192k initial cash invested.
-18.19%
Cash On Cash
2.15%
Cap Rate
0.35
DSCR
$3,641
Rent
-$2,913
Cashflow
Cash Flow
$3,641 income − $6,554 expenses = $2,913 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,293
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,641
Total Expenses
$6,554
Mortgage P&I
117%
$4,253
Property Taxes
4%
$142
Home Insurance
8%
$306
HOA
3%
$105
Property Management
15%
$546
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$910