This property looks like a bad Airbnb investment with a projected -31.9% first-year return on $205k initial cash invested.
-31.9%
Cash On Cash
-0.82%
Cap Rate
-0.13
DSCR
$0
Rent
-$5,440
Cashflow
Cash Flow
$0 income − $5,440 expenses = $5,440 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,889
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$0
Total Expenses
$5,440
Mortgage P&I
48290000%
$4,829
Property Taxes
2870000%
$287
Home Insurance
3240000%
$324
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0