This property looks like a bad Airbnb investment with a projected -17.48% first-year return on $188k initial cash invested.
-17.48%
Cash On Cash
2.6%
Cap Rate
0.41
DSCR
$4,137
Rent
-$2,736
Cashflow
Cash Flow
$4,137 income − $6,873 expenses = $2,736 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,087
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,137
Total Expenses
$6,873
Mortgage P&I
105%
$4,326
Property Taxes
4%
$172
Home Insurance
7%
$301
HOA
2%
$89
Property Management
15%
$621
CapEx
4%
$165
Vacancy
0%
$0
Maintenance
4%
$165
Other
25%
$1,034