This property looks like a bad Airbnb investment with a projected -29.09% first-year return on $203k initial cash invested.
-29.09%
Cash On Cash
-0.07%
Cap Rate
-0.01
DSCR
$2,050
Rent
-$4,911
Cashflow
Cash Flow
$2,050 income − $6,961 expenses = $4,911 out of pocket
Investment Breakdown
|
Purchase Price
$879k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,789
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,050
Total Expenses
$6,961
Mortgage P&I
233%
$4,775
Property Taxes
44%
$894
Home Insurance
15%
$308
HOA
0%
$0
Property Management
15%
$308
CapEx
4%
$82
Vacancy
0%
$0
Maintenance
4%
$82
Other
25%
$512