This property looks like a bad Airbnb investment with a projected -22.2% first-year return on $196k initial cash invested.
-22.2%
Cash On Cash
0.99%
Cap Rate
0.17
DSCR
$2,874
Rent
-$3,631
Cashflow
Cash Flow
$2,874 income − $6,505 expenses = $3,631 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,874
Total Expenses
$6,505
Mortgage P&I
147%
$4,215
Property Taxes
21%
$614
Home Insurance
10%
$297
HOA
0%
$0
Property Management
15%
$431
CapEx
4%
$115
Vacancy
0%
$0
Maintenance
4%
$115
Other
25%
$718