This property looks like a bad Airbnb investment with a projected -19.36% first-year return on $207k initial cash invested.
-19.36%
Cash On Cash
2.41%
Cap Rate
0.37
DSCR
$5,261
Rent
-$3,337
Cashflow
Cash Flow
$5,261 income − $8,598 expenses = $3,337 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,261
Total Expenses
$8,598
Mortgage P&I
94%
$4,935
Property Taxes
16%
$824
Home Insurance
6%
$315
HOA
0%
$0
Property Management
15%
$789
CapEx
4%
$210
Vacancy
0%
$0
Maintenance
4%
$210
Other
25%
$1,315