This property looks like a bad Airbnb investment with a projected -24.69% first-year return on $190k initial cash invested.
-24.69%
Cash On Cash
0.49%
Cap Rate
0.08
DSCR
$2,466
Rent
-$3,907
Cashflow
Cash Flow
$2,466 income − $6,373 expenses = $3,907 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$164k
Closing costs
1%
$8,187
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,466
Total Expenses
$6,373
Mortgage P&I
168%
$4,145
Property Taxes
22%
$554
Home Insurance
20%
$490
HOA
0%
$0
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$616