This property looks like a bad Airbnb investment with a projected -22.3% first-year return on $198k initial cash invested.
-22.3%
Cash On Cash
1.19%
Cap Rate
0.19
DSCR
$3,999
Rent
-$3,686
Cashflow
Cash Flow
$3,999 income − $7,685 expenses = $3,686 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$172k
Closing costs
1%
$8,590
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,999
Total Expenses
$7,685
Mortgage P&I
109%
$4,376
Property Taxes
27%
$1,088
Home Insurance
8%
$301
HOA
0%
$0
Property Management
15%
$600
CapEx
4%
$160
Vacancy
0%
$0
Maintenance
4%
$160
Other
25%
$1,000