This property looks like a bad Airbnb investment with a projected -25.37% first-year return on $196k initial cash invested.
-25.37%
Cash On Cash
0.96%
Cap Rate
0.15
DSCR
$4,038
Rent
-$4,153
Cashflow
Cash Flow
$4,038 income − $8,191 expenses = $4,153 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,496
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,038
Total Expenses
$8,191
Mortgage P&I
116%
$4,668
Property Taxes
32%
$1,280
Home Insurance
8%
$303
HOA
0%
$0
Property Management
15%
$606
CapEx
4%
$162
Vacancy
0%
$0
Maintenance
4%
$162
Other
25%
$1,010