This property looks like a bad Airbnb investment with a projected -25.21% first-year return on $188k initial cash invested.
-25.21%
Cash On Cash
1.14%
Cap Rate
0.17
DSCR
$3,316
Rent
-$3,945
Cashflow
Cash Flow
$3,316 income − $7,261 expenses = $3,945 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,084
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,316
Total Expenses
$7,261
Mortgage P&I
138%
$4,582
Property Taxes
24%
$798
Home Insurance
9%
$289
HOA
0%
$0
Property Management
15%
$497
CapEx
4%
$133
Vacancy
0%
$0
Maintenance
4%
$133
Other
25%
$829