This property looks like a bad Airbnb investment with a projected -27.55% first-year return on $205k initial cash invested.
-27.55%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$2,655
Rent
-$4,707
Cashflow
Cash Flow
$2,655 income − $7,362 expenses = $4,707 out of pocket
Investment Breakdown
|
Purchase Price
$891k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,907
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,655
Total Expenses
$7,362
Mortgage P&I
184%
$4,889
Property Taxes
33%
$884
Home Insurance
12%
$315
HOA
0%
$0
Property Management
15%
$398
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$664