This property looks like a bad Airbnb investment with a projected -11.81% first-year return on $203k initial cash invested.
-11.81%
Cash On Cash
4.53%
Cap Rate
0.66
DSCR
$6,862
Rent
-$1,999
Cashflow
Cash Flow
$6,862 income − $8,861 expenses = $1,999 out of pocket
Investment Breakdown
|
Purchase Price
$881k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$176k
Closing costs
1%
$8,811
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,862
Total Expenses
$8,861
Mortgage P&I
74%
$5,049
Property Taxes
3%
$230
Home Insurance
4%
$289
HOA
0%
$0
Property Management
15%
$1,029
CapEx
4%
$274
Vacancy
0%
$0
Maintenance
4%
$274
Other
25%
$1,716