This property looks like a bad Airbnb investment with a projected -25.09% first-year return on $196k initial cash invested.
-25.09%
Cash On Cash
0.91%
Cap Rate
0.14
DSCR
$3,095
Rent
-$4,104
Cashflow
Cash Flow
$3,095 income − $7,199 expenses = $4,104 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,095
Total Expenses
$7,199
Mortgage P&I
150%
$4,627
Property Taxes
17%
$511
Home Insurance
10%
$297
HOA
9%
$278
Property Management
15%
$464
CapEx
4%
$124
Vacancy
0%
$0
Maintenance
4%
$124
Other
25%
$774