This property looks like a bad Airbnb investment with a projected -24.93% first-year return on $199k initial cash invested.
-24.93%
Cash On Cash
1.04%
Cap Rate
0.16
DSCR
$3,391
Rent
-$4,138
Cashflow
Cash Flow
$3,391 income − $7,529 expenses = $4,138 out of pocket
Investment Breakdown
|
Purchase Price
$863k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$173k
Closing costs
1%
$8,626
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,391
Total Expenses
$7,529
Mortgage P&I
140%
$4,751
Property Taxes
22%
$755
Home Insurance
9%
$320
HOA
2%
$74
Property Management
15%
$509
CapEx
4%
$136
Vacancy
0%
$0
Maintenance
4%
$136
Other
25%
$848