This property looks like a bad Airbnb investment with a projected -21.18% first-year return on $198k initial cash invested.
-21.18%
Cash On Cash
1.9%
Cap Rate
0.29
DSCR
$4,944
Rent
-$3,503
Cashflow
Cash Flow
$4,944 income − $8,447 expenses = $3,503 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%
$8,592
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,944
Total Expenses
$8,447
Mortgage P&I
94%
$4,668
Property Taxes
12%
$614
Home Insurance
6%
$315
HOA
10%
$476
Property Management
15%
$742
CapEx
4%
$198
Vacancy
0%
$0
Maintenance
4%
$198
Other
25%
$1,236