This property looks like a bad Airbnb investment with a projected -26.45% first-year return on $197k initial cash invested.
-26.45%
Cash On Cash
0.59%
Cap Rate
0.09
DSCR
$2,380
Rent
-$4,332
Cashflow
Cash Flow
$2,380 income − $6,712 expenses = $4,332 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,380
Total Expenses
$6,712
Mortgage P&I
196%
$4,658
Property Taxes
26%
$614
Home Insurance
13%
$298
HOA
0%
$0
Property Management
15%
$357
CapEx
4%
$95
Vacancy
0%
$0
Maintenance
4%
$95
Other
25%
$595