This property looks like a bad Airbnb investment with a projected -21.43% first-year return on $197k initial cash invested.
-21.43%
Cash On Cash
1.42%
Cap Rate
0.23
DSCR
$2,623
Rent
-$3,509
Cashflow
Cash Flow
$2,623 income − $6,132 expenses = $3,509 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,623
Total Expenses
$6,132
Mortgage P&I
168%
$4,410
Property Taxes
6%
$165
Home Insurance
11%
$298
HOA
0%
$0
Property Management
15%
$393
CapEx
4%
$105
Vacancy
0%
$0
Maintenance
4%
$105
Other
25%
$656