This property looks like a bad Airbnb investment with a projected -14.42% first-year return on $200k initial cash invested.
-14.42%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$6,108
Rent
-$2,405
Cashflow
Cash Flow
$6,108 income − $8,513 expenses = $2,405 out of pocket
Investment Breakdown
|
Purchase Price
$867k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,671
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,108
Total Expenses
$8,513
Mortgage P&I
77%
$4,711
Property Taxes
9%
$547
Home Insurance
5%
$324
HOA
0%
$0
Property Management
15%
$916
CapEx
4%
$244
Vacancy
0%
$0
Maintenance
4%
$244
Other
25%
$1,527