This property looks like a bad Airbnb investment with a projected -23.46% first-year return on $198k initial cash invested.
-23.46%
Cash On Cash
1.34%
Cap Rate
0.2
DSCR
$3,275
Rent
-$3,879
Cashflow
Cash Flow
$3,275 income − $7,154 expenses = $3,879 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,591
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,275
Total Expenses
$7,154
Mortgage P&I
144%
$4,708
Property Taxes
17%
$561
Home Insurance
10%
$313
HOA
0%
$0
Property Management
15%
$491
CapEx
4%
$131
Vacancy
0%
$0
Maintenance
4%
$131
Other
25%
$819