This property looks like a bad Airbnb investment with a projected -17.95% first-year return on $197k initial cash invested.
-17.95%
Cash On Cash
2.81%
Cap Rate
0.42
DSCR
$5,530
Rent
-$2,940
Cashflow
Cash Flow
$5,530 income − $8,470 expenses = $2,940 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.4%
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
$5,530
Total Expenses
$8,470
Mortgage P&I
85%
$4,710
Property Taxes
15%
$808
Home Insurance
5%
$298
HOA
0%
$0
Property Management
15%
$830
CapEx
4%
$221
Vacancy
0%
$0
Maintenance
4%
$221
Other
25%
$1,382