This property looks like a bad Airbnb investment with a projected -25.68% first-year return on $207k initial cash invested.
-25.68%
Cash On Cash
0.85%
Cap Rate
0.13
DSCR
$3,279
Rent
-$4,421
Cashflow
Cash Flow
$3,279 income − $7,700 expenses = $4,421 out of pocket
Investment Breakdown
|
Purchase Price
$898k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,980
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,279
Total Expenses
$7,700
Mortgage P&I
150%
$4,929
Property Taxes
27%
$883
Home Insurance
10%
$314
HOA
0%
$0
Property Management
15%
$492
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$820