This property looks like a bad Airbnb investment with a projected -27.85% first-year return on $202k initial cash invested.
-27.85%
Cash On Cash
0.53%
Cap Rate
0.08
DSCR
$2,818
Rent
-$4,682
Cashflow
Cash Flow
$2,818 income − $7,500 expenses = $4,682 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$175k
Closing costs
1%
$8,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,818
Total Expenses
$7,500
Mortgage P&I
176%
$4,959
Property Taxes
31%
$882
Home Insurance
11%
$306
HOA
0%
$0
Property Management
15%
$423
CapEx
4%
$113
Vacancy
0%
$0
Maintenance
4%
$113
Other
25%
$704