This property looks like a bad Airbnb investment with a projected -22.11% first-year return on $207k initial cash invested.
-22.11%
Cash On Cash
1.51%
Cap Rate
0.24
DSCR
$4,118
Rent
-$3,810
Cashflow
Cash Flow
$4,118 income − $7,928 expenses = $3,810 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,118
Total Expenses
$7,928
Mortgage P&I
116%
$4,773
Property Taxes
21%
$862
Home Insurance
8%
$315
HOA
0%
$0
Property Management
15%
$618
CapEx
4%
$165
Vacancy
0%
$0
Maintenance
4%
$165
Other
25%
$1,030