This property looks like a bad Airbnb investment with a projected -28.37% first-year return on $205k initial cash invested.
-28.37%
Cash On Cash
-0.21%
Cap Rate
-0.03
DSCR
$1,894
Rent
-$4,839
Cashflow
Cash Flow
$1,894 income − $6,733 expenses = $4,839 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,894
Total Expenses
$6,733
Mortgage P&I
243%
$4,608
Property Taxes
48%
$904
Home Insurance
16%
$311
HOA
0%
$0
Property Management
15%
$284
CapEx
4%
$76
Vacancy
0%
$0
Maintenance
4%
$76
Other
25%
$474