This property looks like a bad Airbnb investment with a projected -23.55% first-year return on $198k initial cash invested.
-23.55%
Cash On Cash
1.13%
Cap Rate
0.18
DSCR
$3,488
Rent
-$3,894
Cashflow
Cash Flow
$3,488 income − $7,382 expenses = $3,894 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,590
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,488
Total Expenses
$7,382
Mortgage P&I
131%
$4,561
Property Taxes
24%
$845
Home Insurance
9%
$301
HOA
0%
$0
Property Management
15%
$523
CapEx
4%
$140
Vacancy
0%
$0
Maintenance
4%
$140
Other
25%
$872