This property looks like a bad Airbnb investment with a projected -23.42% first-year return on $207k initial cash invested.
-23.42%
Cash On Cash
1.3%
Cap Rate
0.2
DSCR
$2,649
Rent
-$4,039
Cashflow
Cash Flow
$2,649 income − $6,688 expenses = $4,039 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,649
Total Expenses
$6,688
Mortgage P&I
185%
$4,911
Property Taxes
7%
$191
Home Insurance
12%
$315
HOA
0%
$0
Property Management
15%
$397
CapEx
4%
$106
Vacancy
0%
$0
Maintenance
4%
$106
Other
25%
$662