This property looks like a bad Airbnb investment with a projected -24.42% first-year return on $190k initial cash invested.
-24.42%
Cash On Cash
0.87%
Cap Rate
0.14
DSCR
$2,058
Rent
-$3,860
Cashflow
Cash Flow
$2,058 income − $5,918 expenses = $3,860 out of pocket
Investment Breakdown
|
Purchase Price
$818k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,176
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,058
Total Expenses
$5,918
Mortgage P&I
213%
$4,374
Property Taxes
13%
$268
Home Insurance
14%
$289
HOA
0%
$0
Property Management
15%
$309
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$514