This property looks like a bad Airbnb investment with a projected -21.66% first-year return on $188k initial cash invested.
-21.66%
Cash On Cash
2.05%
Cap Rate
0.3
DSCR
$4,722
Rent
-$3,401
Cashflow
Cash Flow
$4,722 income − $8,123 expenses = $3,401 out of pocket
Investment Breakdown
|
Purchase Price
$812k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,117
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,722
Total Expenses
$8,123
Mortgage P&I
97%
$4,601
Property Taxes
18%
$860
Home Insurance
6%
$306
HOA
2%
$90
Property Management
15%
$708
CapEx
4%
$189
Vacancy
0%
$0
Maintenance
4%
$189
Other
25%
$1,180