This property looks like a bad Airbnb investment with a projected -25.85% first-year return on $198k initial cash invested.
-25.85%
Cash On Cash
0.95%
Cap Rate
0.14
DSCR
$1,996
Rent
-$4,256
Cashflow
Cash Flow
$1,996 income − $6,252 expenses = $4,256 out of pocket
Investment Breakdown
|
Purchase Price
$855k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,550
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,996
Total Expenses
$6,252
Mortgage P&I
243%
$4,852
Property Taxes
7%
$143
Home Insurance
15%
$299
HOA
0%
$0
Property Management
15%
$299
CapEx
4%
$80
Vacancy
0%
$0
Maintenance
4%
$80
Other
25%
$499