This property looks like a bad Airbnb investment with a projected -20.74% first-year return on $198k initial cash invested.
-20.74%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$4,311
Rent
-$3,415
Cashflow
Cash Flow
$4,311 income − $7,726 expenses = $3,415 out of pocket
Investment Breakdown
|
Purchase Price
$855k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,554
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,311
Total Expenses
$7,726
Mortgage P&I
108%
$4,647
Property Taxes
17%
$743
Home Insurance
6%
$267
HOA
0%
$0
Property Management
15%
$647
CapEx
4%
$172
Vacancy
0%
$0
Maintenance
4%
$172
Other
25%
$1,078