This property looks like a bad Airbnb investment with a projected -22.56% first-year return on $189k initial cash invested.
-22.56%
Cash On Cash
1.05%
Cap Rate
0.17
DSCR
$3,720
Rent
-$3,548
Cashflow
Cash Flow
$3,720 income − $7,268 expenses = $3,548 out of pocket
Investment Breakdown
|
Purchase Price
$813k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,131
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,720
Total Expenses
$7,268
Mortgage P&I
111%
$4,113
Property Taxes
22%
$812
Home Insurance
8%
$304
HOA
7%
$253
Property Management
15%
$558
CapEx
4%
$149
Vacancy
0%
$0
Maintenance
4%
$149
Other
25%
$930