This property looks like a bad Airbnb investment with a projected -12.48% first-year return on $191k initial cash invested.
-12.48%
Cash On Cash
3.89%
Cap Rate
0.61
DSCR
$6,998
Rent
-$1,981
Cashflow
Cash Flow
$6,998 income − $8,979 expenses = $1,981 out of pocket
Investment Breakdown
|
Purchase Price
$822k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$164k
Closing costs
1%
$8,215
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,998
Total Expenses
$8,979
Mortgage P&I
62%
$4,361
Property Taxes
14%
$969
Home Insurance
4%
$289
HOA
0%
$0
Property Management
15%
$1,050
CapEx
4%
$280
Vacancy
0%
$0
Maintenance
4%
$280
Other
25%
$1,750