This property looks like a bad Airbnb investment with a projected -23.66% first-year return on $191k initial cash invested.
-23.66%
Cash On Cash
0.75%
Cap Rate
0.12
DSCR
$2,451
Rent
-$3,762
Cashflow
Cash Flow
$2,451 income − $6,213 expenses = $3,762 out of pocket
Investment Breakdown
|
Purchase Price
$823k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,230
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,451
Total Expenses
$6,213
Mortgage P&I
170%
$4,175
Property Taxes
23%
$570
Home Insurance
12%
$291
HOA
0%
$0
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$613