This property looks like a bad Airbnb investment with a projected -18.53% first-year return on $193k initial cash invested.
-18.53%
Cash On Cash
2.36%
Cap Rate
0.37
DSCR
$4,924
Rent
-$2,983
Cashflow
Cash Flow
$4,924 income − $7,907 expenses = $2,983 out of pocket
Investment Breakdown
|
Purchase Price
$834k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,340
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,924
Total Expenses
$7,907
Mortgage P&I
90%
$4,428
Property Taxes
17%
$861
Home Insurance
5%
$254
HOA
0%
$0
Property Management
15%
$739
CapEx
4%
$197
Vacancy
0%
$0
Maintenance
4%
$197
Other
25%
$1,231