This property looks like a bad Airbnb investment with a projected -21.03% first-year return on $207k initial cash invested.
-21.03%
Cash On Cash
1.32%
Cap Rate
0.22
DSCR
$2,964
Rent
-$3,628
Cashflow
Cash Flow
$2,964 income − $6,592 expenses = $3,628 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,964
Total Expenses
$6,592
Mortgage P&I
152%
$4,499
Property Taxes
11%
$325
Home Insurance
11%
$315
HOA
1%
$29
Property Management
15%
$445
CapEx
4%
$119
Vacancy
0%
$0
Maintenance
4%
$119
Other
25%
$741