This property looks like a bad Airbnb investment with a projected -25.2% first-year return on $197k initial cash invested.
-25.2%
Cash On Cash
0.63%
Cap Rate
0.1
DSCR
$2,000
Rent
-$4,126
Cashflow
Cash Flow
$2,000 income − $6,126 expenses = $4,126 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,000
Total Expenses
$6,126
Mortgage P&I
225%
$4,493
Property Taxes
19%
$375
Home Insurance
15%
$298
HOA
0%
$0
Property Management
15%
$300
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$500