This property looks like a bad Airbnb investment with a projected -22.12% first-year return on $207k initial cash invested.
-22.12%
Cash On Cash
1.81%
Cap Rate
0.27
DSCR
$4,588
Rent
-$3,824
Cashflow
Cash Flow
$4,588 income − $8,412 expenses = $3,824 out of pocket
Investment Breakdown
|
Purchase Price
$902k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$9,022
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,588
Total Expenses
$8,412
Mortgage P&I
109%
$4,999
Property Taxes
19%
$886
Home Insurance
7%
$324
HOA
0%
$0
Property Management
15%
$688
CapEx
4%
$184
Vacancy
0%
$0
Maintenance
4%
$184
Other
25%
$1,147