This property looks like a bad Airbnb investment with a projected -11.77% first-year return on $193k initial cash invested.
-11.77%
Cash On Cash
3.83%
Cap Rate
0.62
DSCR
$5,860
Rent
-$1,889
Cashflow
Cash Flow
$5,860 income − $7,749 expenses = $1,889 out of pocket
Investment Breakdown
|
Purchase Price
$831k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$166k
Closing costs
1%
$8,310
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,860
Total Expenses
$7,749
Mortgage P&I
74%
$4,307
Property Taxes
6%
$333
Home Insurance
5%
$297
HOA
0%
$0
Property Management
15%
$879
CapEx
4%
$234
Vacancy
0%
$0
Maintenance
4%
$234
Other
25%
$1,465