This property looks like a bad Airbnb investment with a projected -31.09% first-year return on $192k initial cash invested.
-31.09%
Cash On Cash
-0.44%
Cap Rate
-0.07
DSCR
$2,243
Rent
-$4,969
Cashflow
Cash Flow
$2,243 income − $7,212 expenses = $4,969 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$166k
Closing costs
1%
$8,276
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,243
Total Expenses
$7,212
Mortgage P&I
204%
$4,576
Property Taxes
56%
$1,265
Home Insurance
13%
$294
HOA
0%
$0
Property Management
15%
$336
CapEx
4%
$90
Vacancy
0%
$0
Maintenance
4%
$90
Other
25%
$561