This property looks like a bad Airbnb investment with a projected -18.32% first-year return on $191k initial cash invested.
-18.32%
Cash On Cash
2.41%
Cap Rate
0.38
DSCR
$4,922
Rent
-$2,920
Cashflow
Cash Flow
$4,922 income − $7,842 expenses = $2,920 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,922
Total Expenses
$7,842
Mortgage P&I
89%
$4,380
Property Taxes
16%
$811
Home Insurance
6%
$289
HOA
0%
$0
Property Management
15%
$738
CapEx
4%
$197
Vacancy
0%
$0
Maintenance
4%
$197
Other
25%
$1,230