This property looks like a bad Airbnb investment with a projected -22.93% first-year return on $201k initial cash invested.
-22.93%
Cash On Cash
0.96%
Cap Rate
0.16
DSCR
$3,434
Rent
-$3,832
Cashflow
Cash Flow
$3,434 income − $7,266 expenses = $3,832 out of pocket
Investment Breakdown
|
Purchase Price
$869k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,694
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,434
Total Expenses
$7,266
Mortgage P&I
128%
$4,388
Property Taxes
25%
$860
Home Insurance
9%
$293
HOA
2%
$78
Property Management
15%
$515
CapEx
4%
$137
Vacancy
0%
$0
Maintenance
4%
$137
Other
25%
$858