This property looks like a bad Airbnb investment with a projected -21.74% first-year return on $196k initial cash invested.
-21.74%
Cash On Cash
1.34%
Cap Rate
0.21
DSCR
$3,664
Rent
-$3,558
Cashflow
Cash Flow
$3,664 income − $7,222 expenses = $3,558 out of pocket
Investment Breakdown
|
Purchase Price
$821k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$164k
Closing costs
1%
$8,210
Rehab
0%
$0
Furnishing
3%
$24,000
Cashflow
Total Income
$3,664
Total Expenses
$7,222
Mortgage P&I
118%
$4,331
Property Taxes
23%
$844
Home Insurance
8%
$287
HOA
0%
$0
Property Management
15%
$550
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$916