This property looks like a bad Airbnb investment with a projected -24.91% first-year return on $198k initial cash invested.
-24.91%
Cash On Cash
1.01%
Cap Rate
0.15
DSCR
$3,078
Rent
-$4,114
Cashflow
Cash Flow
$3,078 income − $7,192 expenses = $4,114 out of pocket
Investment Breakdown
|
Purchase Price
$858k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,582
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,078
Total Expenses
$7,192
Mortgage P&I
153%
$4,716
Property Taxes
22%
$692
Home Insurance
10%
$306
HOA
0%
$0
Property Management
15%
$462
CapEx
4%
$123
Vacancy
0%
$0
Maintenance
4%
$123
Other
25%
$770