This property looks like a bad Airbnb investment with a projected -21.92% first-year return on $198k initial cash invested.
-21.92%
Cash On Cash
1.65%
Cap Rate
0.25
DSCR
$4,156
Rent
-$3,624
Cashflow
Cash Flow
$4,156 income − $7,780 expenses = $3,624 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,590
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,156
Total Expenses
$7,780
Mortgage P&I
112%
$4,640
Property Taxes
20%
$845
Home Insurance
7%
$301
HOA
0%
$0
Property Management
15%
$623
CapEx
4%
$166
Vacancy
0%
$0
Maintenance
4%
$166
Other
25%
$1,039