This property looks like a bad Airbnb investment with a projected -19.13% first-year return on $197k initial cash invested.
-19.13%
Cash On Cash
2.01%
Cap Rate
0.32
DSCR
$4,340
Rent
-$3,136
Cashflow
Cash Flow
$4,340 income − $7,476 expenses = $3,136 out of pocket
Investment Breakdown
|
Purchase Price
$851k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,512
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,340
Total Expenses
$7,476
Mortgage P&I
101%
$4,388
Property Taxes
15%
$654
Home Insurance
8%
$350
HOA
0%
$0
Property Management
15%
$651
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,085