This property looks like a bad Airbnb investment with a projected -22.39% first-year return on $196k initial cash invested.
-22.39%
Cash On Cash
1.17%
Cap Rate
0.19
DSCR
$2,758
Rent
-$3,662
Cashflow
Cash Flow
$2,758 income − $6,420 expenses = $3,662 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,758
Total Expenses
$6,420
Mortgage P&I
159%
$4,380
Property Taxes
15%
$419
Home Insurance
11%
$297
HOA
0%
$0
Property Management
15%
$414
CapEx
4%
$110
Vacancy
0%
$0
Maintenance
4%
$110
Other
25%
$690