This property looks like a bad Airbnb investment with a projected -19.18% first-year return on $196k initial cash invested.
-19.18%
Cash On Cash
2.12%
Cap Rate
0.33
DSCR
$3,528
Rent
-$3,140
Cashflow
Cash Flow
$3,528 income − $6,668 expenses = $3,140 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,528
Total Expenses
$6,668
Mortgage P&I
128%
$4,502
Property Taxes
5%
$175
Home Insurance
8%
$298
HOA
0%
$0
Property Management
15%
$529
CapEx
4%
$141
Vacancy
0%
$0
Maintenance
4%
$141
Other
25%
$882