This property looks like a bad Airbnb investment with a projected -21.36% first-year return on $192k initial cash invested.
-21.36%
Cash On Cash
1.43%
Cap Rate
0.23
DSCR
$3,754
Rent
-$3,423
Cashflow
Cash Flow
$3,754 income − $7,177 expenses = $3,423 out of pocket
Investment Breakdown
|
Purchase Price
$830k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,299
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,754
Total Expenses
$7,177
Mortgage P&I
114%
$4,264
Property Taxes
22%
$822
Home Insurance
8%
$290
HOA
0%
$0
Property Management
15%
$563
CapEx
4%
$150
Vacancy
0%
$0
Maintenance
4%
$150
Other
25%
$938