This property looks like a bad Airbnb investment with a projected -19.1% first-year return on $198k initial cash invested.
-19.1%
Cash On Cash
2.06%
Cap Rate
0.33
DSCR
$3,957
Rent
-$3,151
Cashflow
Cash Flow
$3,957 income − $7,108 expenses = $3,151 out of pocket
Investment Breakdown
|
Purchase Price
$857k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,568
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,957
Total Expenses
$7,108
Mortgage P&I
113%
$4,465
Property Taxes
11%
$432
Home Insurance
8%
$312
HOA
0%
$0
Property Management
15%
$594
CapEx
4%
$158
Vacancy
0%
$0
Maintenance
4%
$158
Other
25%
$989