This property looks like a bad Airbnb investment with a projected -25.93% first-year return on $194k initial cash invested.
-25.93%
Cash On Cash
0.28%
Cap Rate
0.05
DSCR
$3,287
Rent
-$4,190
Cashflow
Cash Flow
$3,287 income − $7,477 expenses = $4,190 out of pocket
Investment Breakdown
|
Purchase Price
$838k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$168k
Closing costs
1%
$8,377
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,287
Total Expenses
$7,477
Mortgage P&I
129%
$4,255
Property Taxes
41%
$1,349
Home Insurance
9%
$296
HOA
0%
$0
Property Management
15%
$493
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$822