This property looks like a bad Airbnb investment with a projected -15.21% first-year return on $200k initial cash invested.
-15.21%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$6,245
Rent
-$2,539
Cashflow
Cash Flow
$6,245 income − $8,784 expenses = $2,539 out of pocket
Investment Breakdown
|
Purchase Price
$868k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$174k
Closing costs
1%
$8,680
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,245
Total Expenses
$8,784
Mortgage P&I
76%
$4,715
Property Taxes
12%
$767
Home Insurance
5%
$304
HOA
0%
$0
Property Management
15%
$937
CapEx
4%
$250
Vacancy
0%
$0
Maintenance
4%
$250
Other
25%
$1,561