This property looks like a bad Airbnb investment with a projected -19.91% first-year return on $207k initial cash invested.
-19.91%
Cash On Cash
2.29%
Cap Rate
0.34
DSCR
$4,341
Rent
-$3,442
Cashflow
Cash Flow
$4,341 income − $7,783 expenses = $3,442 out of pocket
Investment Breakdown
|
Purchase Price
$902k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$9,021
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,341
Total Expenses
$7,783
Mortgage P&I
115%
$4,988
Property Taxes
10%
$413
Home Insurance
7%
$298
HOA
0%
$0
Property Management
15%
$651
CapEx
4%
$174
Vacancy
0%
$0
Maintenance
4%
$174
Other
25%
$1,085