This property looks like a bad Airbnb investment with a projected -25.96% first-year return on $192k initial cash invested.
-25.96%
Cash On Cash
0.24%
Cap Rate
0.04
DSCR
$2,359
Rent
-$4,159
Cashflow
Cash Flow
$2,359 income − $6,518 expenses = $4,159 out of pocket
Investment Breakdown
|
Purchase Price
$830k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,296
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,359
Total Expenses
$6,518
Mortgage P&I
179%
$4,234
Property Taxes
36%
$848
Home Insurance
13%
$304
HOA
0%
$0
Property Management
15%
$354
CapEx
4%
$94
Vacancy
0%
$0
Maintenance
4%
$94
Other
25%
$590