This property looks like a bad Airbnb investment with a projected -27.33% first-year return on $197k initial cash invested.
-27.33%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$3,243
Rent
-$4,496
Cashflow
Cash Flow
$3,243 income − $7,739 expenses = $4,496 out of pocket
Investment Breakdown
|
Purchase Price
$854k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$171k
Closing costs
1%
$8,544
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,243
Total Expenses
$7,739
Mortgage P&I
143%
$4,643
Property Taxes
32%
$1,049
Home Insurance
11%
$348
HOA
4%
$142
Property Management
15%
$486
CapEx
4%
$130
Vacancy
0%
$0
Maintenance
4%
$130
Other
25%
$811