This property looks like a bad Airbnb investment with a projected -16.93% first-year return on $206k initial cash invested.
-16.93%
Cash On Cash
2.47%
Cap Rate
0.4
DSCR
$4,578
Rent
-$2,906
Cashflow
Cash Flow
$4,578 income − $7,484 expenses = $2,906 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,953
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,578
Total Expenses
$7,484
Mortgage P&I
100%
$4,563
Property Taxes
7%
$340
Home Insurance
7%
$324
HOA
1%
$60
Property Management
15%
$687
CapEx
4%
$183
Vacancy
0%
$0
Maintenance
4%
$183
Other
25%
$1,144