This property looks like a bad Airbnb investment with a projected -18.65% first-year return on $192k initial cash invested.
-18.65%
Cash On Cash
2.08%
Cap Rate
0.34
DSCR
$4,046
Rent
-$2,981
Cashflow
Cash Flow
$4,046 income − $7,027 expenses = $2,981 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,276
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,046
Total Expenses
$7,027
Mortgage P&I
105%
$4,253
Property Taxes
13%
$533
Home Insurance
7%
$298
HOA
0%
$0
Property Management
15%
$607
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,012