This property looks like a bad Airbnb investment with a projected -22.57% first-year return on $188k initial cash invested.
-22.57%
Cash On Cash
1.58%
Cap Rate
0.24
DSCR
$3,916
Rent
-$3,540
Cashflow
Cash Flow
$3,916 income − $7,456 expenses = $3,540 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,107
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,916
Total Expenses
$7,456
Mortgage P&I
114%
$4,450
Property Taxes
21%
$836
Home Insurance
7%
$290
HOA
0%
$0
Property Management
15%
$587
CapEx
4%
$157
Vacancy
0%
$0
Maintenance
4%
$157
Other
25%
$979