This property looks like a bad Airbnb investment with a projected -23.05% first-year return on $193k initial cash invested.
-23.05%
Cash On Cash
1.08%
Cap Rate
0.17
DSCR
$2,837
Rent
-$3,714
Cashflow
Cash Flow
$2,837 income − $6,551 expenses = $3,714 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,350
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,837
Total Expenses
$6,551
Mortgage P&I
153%
$4,351
Property Taxes
19%
$547
Home Insurance
10%
$292
HOA
0%
$0
Property Management
15%
$426
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$709