This property looks like a bad Airbnb investment with a projected -24.14% first-year return on $196k initial cash invested.
-24.14%
Cash On Cash
1.11%
Cap Rate
0.17
DSCR
$2,802
Rent
-$3,953
Cashflow
Cash Flow
$2,802 income − $6,755 expenses = $3,953 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,802
Total Expenses
$6,755
Mortgage P&I
165%
$4,627
Property Taxes
17%
$486
Home Insurance
11%
$298
HOA
0%
$0
Property Management
15%
$420
CapEx
4%
$112
Vacancy
0%
$0
Maintenance
4%
$112
Other
25%
$700