This property looks like a bad Airbnb investment with a projected -20.45% first-year return on $189k initial cash invested.
-20.45%
Cash On Cash
1.52%
Cap Rate
0.25
DSCR
$3,053
Rent
-$3,213
Cashflow
Cash Flow
$3,053 income − $6,266 expenses = $3,213 out of pocket
Investment Breakdown
|
Purchase Price
$812k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$162k
Closing costs
1%
$8,121
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,053
Total Expenses
$6,266
Mortgage P&I
135%
$4,120
Property Taxes
13%
$387
Home Insurance
10%
$294
HOA
0%
$0
Property Management
15%
$458
CapEx
4%
$122
Vacancy
0%
$0
Maintenance
4%
$122
Other
25%
$763