This property looks like a bad Airbnb investment with a projected -18.53% first-year return on $198k initial cash invested.
-18.53%
Cash On Cash
2.28%
Cap Rate
0.36
DSCR
$3,618
Rent
-$3,059
Cashflow
Cash Flow
$3,618 income − $6,677 expenses = $3,059 out of pocket
Investment Breakdown
|
Purchase Price
$858k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,578
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,618
Total Expenses
$6,677
Mortgage P&I
126%
$4,541
Property Taxes
2%
$87
Home Insurance
9%
$312
HOA
0%
$0
Property Management
15%
$543
CapEx
4%
$145
Vacancy
0%
$0
Maintenance
4%
$145
Other
25%
$904