This property looks like a bad Airbnb investment with a projected -24.12% first-year return on $191k initial cash invested.
-24.12%
Cash On Cash
0.6%
Cap Rate
0.1
DSCR
$1,695
Rent
-$3,840
Cashflow
Cash Flow
$1,695 income − $5,535 expenses = $3,840 out of pocket
Investment Breakdown
|
Purchase Price
$824k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,240
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,695
Total Expenses
$5,535
Mortgage P&I
247%
$4,187
Property Taxes
14%
$237
Home Insurance
18%
$297
HOA
0%
$0
Property Management
15%
$254
CapEx
4%
$68
Vacancy
0%
$0
Maintenance
4%
$68
Other
25%
$424