This property looks like a bad Airbnb investment with a projected -27.4% first-year return on $200k initial cash invested.
-27.4%
Cash On Cash
0.35%
Cap Rate
0.05
DSCR
$2,450
Rent
-$4,578
Cashflow
Cash Flow
$2,450 income − $7,028 expenses = $4,578 out of pocket
Investment Breakdown
|
Purchase Price
$869k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$174k
Closing costs
1%
$8,689
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,450
Total Expenses
$7,028
Mortgage P&I
193%
$4,730
Property Taxes
33%
$818
Home Insurance
12%
$304
HOA
0%
$0
Property Management
15%
$368
CapEx
4%
$98
Vacancy
0%
$0
Maintenance
4%
$98
Other
25%
$612