This property looks like a bad Airbnb investment with a projected -19.08% first-year return on $207k initial cash invested.
-19.08%
Cash On Cash
2.04%
Cap Rate
0.33
DSCR
$4,877
Rent
-$3,291
Cashflow
Cash Flow
$4,877 income − $8,168 expenses = $3,291 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$9,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,877
Total Expenses
$8,168
Mortgage P&I
95%
$4,627
Property Taxes
18%
$885
Home Insurance
6%
$315
HOA
0%
$0
Property Management
15%
$732
CapEx
4%
$195
Vacancy
0%
$0
Maintenance
4%
$195
Other
25%
$1,219