This property looks like a bad Airbnb investment with a projected -21.41% first-year return on $192k initial cash invested.
-21.41%
Cash On Cash
1.5%
Cap Rate
0.24
DSCR
$3,559
Rent
-$3,425
Cashflow
Cash Flow
$3,559 income − $6,984 expenses = $3,425 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,282
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,559
Total Expenses
$6,984
Mortgage P&I
121%
$4,316
Property Taxes
19%
$662
Home Insurance
8%
$298
HOA
0%
$0
Property Management
15%
$534
CapEx
4%
$142
Vacancy
0%
$0
Maintenance
4%
$142
Other
25%
$890