This property looks like a bad Airbnb investment with a projected -18.64% first-year return on $194k initial cash invested.
-18.64%
Cash On Cash
2.5%
Cap Rate
0.38
DSCR
$5,133
Rent
-$3,018
Cashflow
Cash Flow
$5,133 income − $8,151 expenses = $3,018 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,396
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,133
Total Expenses
$8,151
Mortgage P&I
89%
$4,561
Property Taxes
16%
$829
Home Insurance
6%
$298
HOA
0%
$0
Property Management
15%
$770
CapEx
4%
$205
Vacancy
0%
$0
Maintenance
4%
$205
Other
25%
$1,283