This property looks like a bad Airbnb investment with a projected -27.43% first-year return on $192k initial cash invested.
-27.43%
Cash On Cash
0.3%
Cap Rate
0.05
DSCR
$1,937
Rent
-$4,390
Cashflow
Cash Flow
$1,937 income − $6,327 expenses = $4,390 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,287
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,937
Total Expenses
$6,327
Mortgage P&I
233%
$4,517
Property Taxes
26%
$494
Home Insurance
16%
$304
HOA
4%
$83
Property Management
15%
$291
CapEx
4%
$77
Vacancy
0%
$0
Maintenance
4%
$77
Other
25%
$484