This property looks like a bad Airbnb investment with a projected -20.6% first-year return on $197k initial cash invested.
-20.6%
Cash On Cash
1.63%
Cap Rate
0.26
DSCR
$4,205
Rent
-$3,379
Cashflow
Cash Flow
$4,205 income − $7,584 expenses = $3,379 out of pocket
Investment Breakdown
|
Purchase Price
$852k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,516
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,205
Total Expenses
$7,584
Mortgage P&I
104%
$4,365
Property Taxes
21%
$898
Home Insurance
7%
$303
HOA
0%
$0
Property Management
15%
$631
CapEx
4%
$168
Vacancy
0%
$0
Maintenance
4%
$168
Other
25%
$1,051