This property looks like a bad Airbnb investment with a projected -28.49% first-year return on $205k initial cash invested.
-28.49%
Cash On Cash
0.1%
Cap Rate
0.02
DSCR
$2,108
Rent
-$4,866
Cashflow
Cash Flow
$2,108 income − $6,974 expenses = $4,866 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,901
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,108
Total Expenses
$6,974
Mortgage P&I
230%
$4,858
Property Taxes
33%
$699
Home Insurance
15%
$315
HOA
4%
$91
Property Management
15%
$316
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$527