This property looks like a bad Airbnb investment with a projected -23.17% first-year return on $206k initial cash invested.
-23.17%
Cash On Cash
1.15%
Cap Rate
0.18
DSCR
$3,658
Rent
-$3,977
Cashflow
Cash Flow
$3,658 income − $7,635 expenses = $3,977 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,658
Total Expenses
$7,635
Mortgage P&I
128%
$4,687
Property Taxes
24%
$880
Home Insurance
9%
$313
HOA
0%
$0
Property Management
15%
$549
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$914