This property looks like a bad Airbnb investment with a projected -24.35% first-year return on $196k initial cash invested.
-24.35%
Cash On Cash
1.36%
Cap Rate
0.2
DSCR
$2,560
Rent
-$3,987
Cashflow
Cash Flow
$2,560 income − $6,547 expenses = $3,987 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,560
Total Expenses
$6,547
Mortgage P&I
189%
$4,848
Property Taxes
7%
$172
Home Insurance
12%
$298
HOA
0%
$1
Property Management
15%
$384
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$640