This property looks like a bad Airbnb investment with a projected -27.51% first-year return on $205k initial cash invested.
-27.51%
Cash On Cash
0.16%
Cap Rate
0.02
DSCR
$2,964
Rent
-$4,691
Cashflow
Cash Flow
$2,964 income − $7,655 expenses = $4,691 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$172k
Closing costs
1%
$8,602
Rehab
0%
$0
Furnishing
3%
$24,000
Cashflow
Total Income
$2,964
Total Expenses
$7,655
Mortgage P&I
158%
$4,689
Property Taxes
38%
$1,126
Home Insurance
11%
$313
HOA
3%
$103
Property Management
15%
$445
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$741