This property looks like a bad Airbnb investment with a projected -28.34% first-year return on $207k initial cash invested.
-28.34%
Cash On Cash
0.12%
Cap Rate
0.02
DSCR
$1,983
Rent
-$4,883
Cashflow
Cash Flow
$1,983 income − $6,866 expenses = $4,883 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,983
Total Expenses
$6,866
Mortgage P&I
247%
$4,895
Property Taxes
36%
$705
Home Insurance
16%
$315
HOA
0%
$0
Property Management
15%
$297
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$496