This property looks like a bad Airbnb investment with a projected -27.57% first-year return on $192k initial cash invested.
-27.57%
Cash On Cash
-0.09%
Cap Rate
-0.02
DSCR
$2,032
Rent
-$4,413
Cashflow
Cash Flow
$2,032 income − $6,445 expenses = $4,413 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,289
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,032
Total Expenses
$6,445
Mortgage P&I
210%
$4,267
Property Taxes
45%
$913
Home Insurance
14%
$290
HOA
0%
$0
Property Management
15%
$305
CapEx
4%
$81
Vacancy
0%
$0
Maintenance
4%
$81
Other
25%
$508