This property looks like a bad Airbnb investment with a projected -21.56% first-year return on $207k initial cash invested.
-21.56%
Cash On Cash
1.51%
Cap Rate
0.24
DSCR
$4,182
Rent
-$3,719
Cashflow
Cash Flow
$4,182 income − $7,901 expenses = $3,719 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,182
Total Expenses
$7,901
Mortgage P&I
112%
$4,687
Property Taxes
21%
$892
Home Insurance
8%
$315
HOA
0%
$0
Property Management
15%
$627
CapEx
4%
$167
Vacancy
0%
$0
Maintenance
4%
$167
Other
25%
$1,046