This property looks like a bad Airbnb investment with a projected -26.49% first-year return on $196k initial cash invested.
-26.49%
Cash On Cash
0.57%
Cap Rate
0.09
DSCR
$2,708
Rent
-$4,333
Cashflow
Cash Flow
$2,708 income − $7,041 expenses = $4,333 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,708
Total Expenses
$7,041
Mortgage P&I
171%
$4,631
Property Taxes
30%
$814
Home Insurance
11%
$297
HOA
0%
$0
Property Management
15%
$406
CapEx
4%
$108
Vacancy
0%
$0
Maintenance
4%
$108
Other
25%
$677