This property looks like a bad Airbnb investment with a projected -22.24% first-year return on $199k initial cash invested.
-22.24%
Cash On Cash
1.02%
Cap Rate
0.17
DSCR
$3,002
Rent
-$3,681
Cashflow
Cash Flow
$3,002 income − $6,683 expenses = $3,681 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$172k
Closing costs
1%
$8,599
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,002
Total Expenses
$6,683
Mortgage P&I
143%
$4,291
Property Taxes
23%
$698
Home Insurance
8%
$254
HOA
0%
$0
Property Management
15%
$450
CapEx
4%
$120
Vacancy
0%
$0
Maintenance
4%
$120
Other
25%
$750