This property looks like a bad Airbnb investment with a projected -19.62% first-year return on $197k initial cash invested.
-19.62%
Cash On Cash
1.82%
Cap Rate
0.3
DSCR
$4,422
Rent
-$3,225
Cashflow
Cash Flow
$4,422 income − $7,647 expenses = $3,225 out of pocket
Investment Breakdown
|
Purchase Price
$854k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$171k
Closing costs
1%
$8,535
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,422
Total Expenses
$7,647
Mortgage P&I
98%
$4,344
Property Taxes
17%
$737
Home Insurance
7%
$303
HOA
3%
$140
Property Management
15%
$663
CapEx
4%
$177
Vacancy
0%
$0
Maintenance
4%
$177
Other
25%
$1,106