This property looks like a bad Airbnb investment with a projected -27.07% first-year return on $198k initial cash invested.
-27.07%
Cash On Cash
0.51%
Cap Rate
0.08
DSCR
$2,088
Rent
-$4,462
Cashflow
Cash Flow
$2,088 income − $6,550 expenses = $4,462 out of pocket
Investment Breakdown
|
Purchase Price
$856k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,563
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,088
Total Expenses
$6,550
Mortgage P&I
227%
$4,740
Property Taxes
15%
$319
Home Insurance
23%
$488
HOA
0%
$0
Property Management
15%
$313
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$522