This property looks like a bad Airbnb investment with a projected -25.54% first-year return on $198k initial cash invested.
-25.54%
Cash On Cash
0.79%
Cap Rate
0.12
DSCR
$3,000
Rent
-$4,219
Cashflow
Cash Flow
$3,000 income − $7,219 expenses = $4,219 out of pocket
Investment Breakdown
|
Purchase Price
$858k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,584
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,000
Total Expenses
$7,219
Mortgage P&I
155%
$4,662
Property Taxes
27%
$816
Home Insurance
10%
$301
HOA
0%
$0
Property Management
15%
$450
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$750