This property looks like a bad Airbnb investment with a projected -20.77% first-year return on $200k initial cash invested.
-20.77%
Cash On Cash
1.54%
Cap Rate
0.25
DSCR
$3,584
Rent
-$3,455
Cashflow
Cash Flow
$3,584 income − $7,039 expenses = $3,455 out of pocket
Investment Breakdown
|
Purchase Price
$865k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,647
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,584
Total Expenses
$7,039
Mortgage P&I
123%
$4,419
Property Taxes
17%
$594
Home Insurance
9%
$306
HOA
0%
$0
Property Management
15%
$538
CapEx
4%
$143
Vacancy
0%
$0
Maintenance
4%
$143
Other
25%
$896