This property looks like a bad Airbnb investment with a projected -24.13% first-year return on $193k initial cash invested.
-24.13%
Cash On Cash
1.44%
Cap Rate
0.21
DSCR
$3,181
Rent
-$3,888
Cashflow
Cash Flow
$3,181 income − $7,069 expenses = $3,888 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$167k
Closing costs
1%
$8,350
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,181
Total Expenses
$7,069
Mortgage P&I
150%
$4,763
Property Taxes
11%
$357
Home Insurance
10%
$303
HOA
4%
$120
Property Management
15%
$477
CapEx
4%
$127
Vacancy
0%
$0
Maintenance
4%
$127
Other
25%
$795