This property looks like a bad Airbnb investment with a projected -21.48% first-year return on $188k initial cash invested.
-21.48%
Cash On Cash
1.29%
Cap Rate
0.21
DSCR
$2,823
Rent
-$3,367
Cashflow
Cash Flow
$2,823 income − $6,190 expenses = $3,367 out of pocket
Investment Breakdown
|
Purchase Price
$810k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,100
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,823
Total Expenses
$6,190
Mortgage P&I
146%
$4,122
Property Taxes
9%
$255
Home Insurance
10%
$284
HOA
6%
$174
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$706