This property looks like a bad Airbnb investment with a projected -17.71% first-year return on $188k initial cash invested.
-17.71%
Cash On Cash
2.48%
Cap Rate
0.39
DSCR
$4,401
Rent
-$2,782
Cashflow
Cash Flow
$4,401 income − $7,183 expenses = $2,782 out of pocket
Investment Breakdown
|
Purchase Price
$812k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,118
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,401
Total Expenses
$7,183
Mortgage P&I
97%
$4,282
Property Taxes
9%
$395
Home Insurance
7%
$294
HOA
2%
$100
Property Management
15%
$660
CapEx
4%
$176
Vacancy
0%
$0
Maintenance
4%
$176
Other
25%
$1,100