This property looks like a bad Airbnb investment with a projected -24.12% first-year return on $194k initial cash invested.
-24.12%
Cash On Cash
0.75%
Cap Rate
0.12
DSCR
$2,287
Rent
-$3,889
Cashflow
Cash Flow
$2,287 income − $6,176 expenses = $3,889 out of pocket
Investment Breakdown
|
Purchase Price
$836k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$167k
Closing costs
1%
$8,358
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,287
Total Expenses
$6,176
Mortgage P&I
189%
$4,318
Property Taxes
20%
$455
Home Insurance
13%
$306
HOA
0%
$0
Property Management
15%
$343
CapEx
4%
$91
Vacancy
0%
$0
Maintenance
4%
$91
Other
25%
$572