This property looks like a bad Airbnb investment with a projected -24.8% first-year return on $206k initial cash invested.
-24.8%
Cash On Cash
1.3%
Cap Rate
0.19
DSCR
$3,862
Rent
-$4,254
Cashflow
Cash Flow
$3,862 income − $8,116 expenses = $4,254 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,945
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,862
Total Expenses
$8,116
Mortgage P&I
131%
$5,070
Property Taxes
23%
$880
Home Insurance
8%
$313
HOA
0%
$0
Property Management
15%
$579
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$966