This property looks like a bad Airbnb investment with a projected -24.1% first-year return on $192k initial cash invested.
-24.1%
Cash On Cash
0.61%
Cap Rate
0.1
DSCR
$1,571
Rent
-$3,854
Cashflow
Cash Flow
$1,571 income − $5,425 expenses = $3,854 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,280
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,571
Total Expenses
$5,425
Mortgage P&I
268%
$4,211
Property Taxes
10%
$155
Home Insurance
19%
$304
HOA
0%
$0
Property Management
15%
$236
CapEx
4%
$63
Vacancy
0%
$0
Maintenance
4%
$63
Other
25%
$393