This property looks like a bad Airbnb investment with a projected -35.35% first-year return on $201k initial cash invested.
-35.35%
Cash On Cash
-1.57%
Cap Rate
-0.24
DSCR
$0
Rent
-$5,913
Cashflow
Cash Flow
$0 income − $5,913 expenses = $5,913 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$174k
Closing costs
1%
$8,700
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$0
Total Expenses
$5,913
Mortgage P&I
47750000%
$4,775
Property Taxes
8340000%
$834
Home Insurance
3040000%
$304
HOA
0%
$0
Property Management
0%
$0
CapEx
0%
$0
Vacancy
0%
$0
Maintenance
0%
$0
Other
0%
$0