This property looks like a bad Airbnb investment with a projected -21.3% first-year return on $200k initial cash invested.
-21.3%
Cash On Cash
1.87%
Cap Rate
0.29
DSCR
$4,220
Rent
-$3,545
Cashflow
Cash Flow
$4,220 income − $7,765 expenses = $3,545 out of pocket
Investment Breakdown
|
Purchase Price
$865k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$173k
Closing costs
1%
$8,653
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,220
Total Expenses
$7,765
Mortgage P&I
112%
$4,722
Property Taxes
16%
$677
Home Insurance
7%
$306
HOA
1%
$34
Property Management
15%
$633
CapEx
4%
$169
Vacancy
0%
$0
Maintenance
4%
$169
Other
25%
$1,055