This property looks like a bad Airbnb investment with a projected -31.8% first-year return on $196k initial cash invested.
-31.8%
Cash On Cash
-1.13%
Cap Rate
-0.19
DSCR
$1,835
Rent
-$5,205
Cashflow
Cash Flow
$1,835 income − $7,040 expenses = $5,205 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,496
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,835
Total Expenses
$7,040
Mortgage P&I
236%
$4,330
Property Taxes
59%
$1,074
Home Insurance
16%
$301
HOA
25%
$455
Property Management
15%
$275
CapEx
4%
$73
Vacancy
0%
$0
Maintenance
4%
$73
Other
25%
$459