This property looks like a bad Airbnb investment with a projected -27.91% first-year return on $195k initial cash invested.
-27.91%
Cash On Cash
0.28%
Cap Rate
0.04
DSCR
$3,850
Rent
-$4,525
Cashflow
Cash Flow
$3,850 income − $8,375 expenses = $4,525 out of pocket
Investment Breakdown
|
Purchase Price
$841k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$168k
Closing costs
1%
$8,408
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,850
Total Expenses
$8,375
Mortgage P&I
119%
$4,568
Property Taxes
22%
$838
Home Insurance
8%
$301
HOA
21%
$820
Property Management
15%
$578
CapEx
4%
$154
Vacancy
0%
$0
Maintenance
4%
$154
Other
25%
$962