This property looks like a bad Airbnb investment with a projected -27.94% first-year return on $187k initial cash invested.
-27.94%
Cash On Cash
0.16%
Cap Rate
0.02
DSCR
$2,097
Rent
-$4,362
Cashflow
Cash Flow
$2,097 income − $6,459 expenses = $4,362 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,065
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,097
Total Expenses
$6,459
Mortgage P&I
209%
$4,387
Property Taxes
37%
$775
Home Insurance
14%
$290
HOA
0%
$0
Property Management
15%
$315
CapEx
4%
$84
Vacancy
0%
$0
Maintenance
4%
$84
Other
25%
$524