This property looks like a bad Airbnb investment with a projected -25.39% first-year return on $192k initial cash invested.
-25.39%
Cash On Cash
0.45%
Cap Rate
0.07
DSCR
$2,779
Rent
-$4,068
Cashflow
Cash Flow
$2,779 income − $6,847 expenses = $4,068 out of pocket
Investment Breakdown
|
Purchase Price
$830k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,299
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,779
Total Expenses
$6,847
Mortgage P&I
154%
$4,270
Property Taxes
32%
$899
Home Insurance
10%
$290
HOA
2%
$54
Property Management
15%
$417
CapEx
4%
$111
Vacancy
0%
$0
Maintenance
4%
$111
Other
25%
$695