This property looks like a bad Airbnb investment with a projected -16.75% first-year return on $198k initial cash invested.
-16.75%
Cash On Cash
2.94%
Cap Rate
0.45
DSCR
$5,935
Rent
-$2,764
Cashflow
Cash Flow
$5,935 income − $8,699 expenses = $2,764 out of pocket
Investment Breakdown
|
Purchase Price
$857k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,570
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,935
Total Expenses
$8,699
Mortgage P&I
78%
$4,629
Property Taxes
15%
$893
Home Insurance
6%
$329
HOA
0%
$0
Property Management
15%
$890
CapEx
4%
$237
Vacancy
0%
$0
Maintenance
4%
$237
Other
25%
$1,484