This property looks like a bad Airbnb investment with a projected -17.04% first-year return on $207k initial cash invested.
-17.04%
Cash On Cash
2.56%
Cap Rate
0.41
DSCR
$5,402
Rent
-$2,936
Cashflow
Cash Flow
$5,402 income − $8,338 expenses = $2,936 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.7%
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
$5,402
Total Expenses
$8,338
Mortgage P&I
86%
$4,637
Property Taxes
15%
$794
Home Insurance
6%
$315
HOA
0%
$0
Property Management
15%
$810
CapEx
4%
$216
Vacancy
0%
$0
Maintenance
4%
$216
Other
25%
$1,350