This property looks like a bad Airbnb investment with a projected -21.41% first-year return on $195k initial cash invested.
-21.41%
Cash On Cash
2.06%
Cap Rate
0.3
DSCR
$3,623
Rent
-$3,487
Cashflow
Cash Flow
$3,623 income − $7,110 expenses = $3,487 out of pocket
Investment Breakdown
|
Purchase Price
$845k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$169k
Closing costs
1%
$8,450
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,623
Total Expenses
$7,110
Mortgage P&I
132%
$4,795
Property Taxes
8%
$280
Home Insurance
8%
$296
HOA
0%
$0
Property Management
15%
$543
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$906