This property looks like a bad Airbnb investment with a projected -21.23% first-year return on $203k initial cash invested.
-21.23%
Cash On Cash
1.93%
Cap Rate
0.29
DSCR
$4,098
Rent
-$3,596
Cashflow
Cash Flow
$4,098 income − $7,694 expenses = $3,596 out of pocket
Investment Breakdown
|
Purchase Price
$882k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,823
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,098
Total Expenses
$7,694
Mortgage P&I
118%
$4,849
Property Taxes
13%
$515
Home Insurance
8%
$311
HOA
1%
$52
Property Management
15%
$615
CapEx
4%
$164
Vacancy
0%
$0
Maintenance
4%
$164
Other
25%
$1,024