This property looks like a bad Airbnb investment with a projected -17.95% first-year return on $202k initial cash invested.
-17.95%
Cash On Cash
2.27%
Cap Rate
0.37
DSCR
$4,435
Rent
-$3,023
Cashflow
Cash Flow
$4,435 income − $7,458 expenses = $3,023 out of pocket
Investment Breakdown
|
Purchase Price
$877k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,765
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,435
Total Expenses
$7,458
Mortgage P&I
102%
$4,504
Property Taxes
12%
$516
Home Insurance
7%
$310
HOA
0%
$0
Property Management
15%
$665
CapEx
4%
$177
Vacancy
0%
$0
Maintenance
4%
$177
Other
25%
$1,109