This property looks like a bad Airbnb investment with a projected -23.05% first-year return on $206k initial cash invested.
-23.05%
Cash On Cash
1.17%
Cap Rate
0.18
DSCR
$2,400
Rent
-$3,955
Cashflow
Cash Flow
$2,400 income − $6,355 expenses = $3,955 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$179k
Closing costs
1%
$8,949
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,400
Total Expenses
$6,355
Mortgage P&I
197%
$4,730
Property Taxes
6%
$149
Home Insurance
14%
$324
HOA
0%
$0
Property Management
15%
$360
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$600