This property looks like a bad Airbnb investment with a projected -16.42% first-year return on $193k initial cash invested.
-16.42%
Cash On Cash
2.79%
Cap Rate
0.44
DSCR
$5,424
Rent
-$2,640
Cashflow
Cash Flow
$5,424 income − $8,064 expenses = $2,640 out of pocket
Investment Breakdown
|
Purchase Price
$833k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,333
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,424
Total Expenses
$8,064
Mortgage P&I
80%
$4,361
Property Taxes
15%
$809
Home Insurance
5%
$290
HOA
0%
$0
Property Management
15%
$814
CapEx
4%
$217
Vacancy
0%
$0
Maintenance
4%
$217
Other
25%
$1,356