This property looks like a bad Airbnb investment with a projected -23.52% first-year return on $189k initial cash invested.
-23.52%
Cash On Cash
1.34%
Cap Rate
0.2
DSCR
$3,613
Rent
-$3,708
Cashflow
Cash Flow
$3,613 income − $7,321 expenses = $3,708 out of pocket
Investment Breakdown
|
Purchase Price
$815k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,153
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,613
Total Expenses
$7,321
Mortgage P&I
124%
$4,475
Property Taxes
23%
$814
Home Insurance
8%
$297
HOA
0%
$0
Property Management
15%
$542
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$903