This property looks like a bad Airbnb investment with a projected -22.54% first-year return on $198k initial cash invested.
-22.54%
Cash On Cash
1.03%
Cap Rate
0.17
DSCR
$2,559
Rent
-$3,713
Cashflow
Cash Flow
$2,559 income − $6,272 expenses = $3,713 out of pocket
Investment Breakdown
|
Purchase Price
$855k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$171k
Closing costs
1%
$8,554
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,559
Total Expenses
$6,272
Mortgage P&I
170%
$4,345
Property Taxes
16%
$402
Home Insurance
12%
$297
HOA
0%
$0
Property Management
15%
$384
CapEx
4%
$102
Vacancy
0%
$0
Maintenance
4%
$102
Other
25%
$640