This property looks like a bad Airbnb investment with a projected -24.02% first-year return on $197k initial cash invested.
-24.02%
Cash On Cash
1.2%
Cap Rate
0.18
DSCR
$3,618
Rent
-$3,933
Cashflow
Cash Flow
$3,618 income − $7,551 expenses = $3,933 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,618
Total Expenses
$7,551
Mortgage P&I
128%
$4,639
Property Taxes
24%
$877
Home Insurance
8%
$298
HOA
0%
$0
Property Management
15%
$543
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$904