This property looks like a bad Airbnb investment with a projected -17.06% first-year return on $195k initial cash invested.
-17.06%
Cash On Cash
2.48%
Cap Rate
0.4
DSCR
$3,859
Rent
-$2,778
Cashflow
Cash Flow
$3,859 income − $6,637 expenses = $2,778 out of pocket
Investment Breakdown
|
Purchase Price
$845k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$169k
Closing costs
1%
$8,448
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,859
Total Expenses
$6,637
Mortgage P&I
113%
$4,367
Property Taxes
2%
$90
Home Insurance
8%
$303
HOA
1%
$25
Property Management
15%
$579
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$965