This property looks like a bad Airbnb investment with a projected -16.67% first-year return on $205k initial cash invested.
-16.67%
Cash On Cash
2.48%
Cap Rate
0.41
DSCR
$4,034
Rent
-$2,847
Cashflow
Cash Flow
$4,034 income − $6,881 expenses = $2,847 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,900
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,034
Total Expenses
$6,881
Mortgage P&I
112%
$4,529
Property Taxes
2%
$63
Home Insurance
8%
$312
HOA
1%
$42
Property Management
15%
$605
CapEx
4%
$161
Vacancy
0%
$0
Maintenance
4%
$161
Other
25%
$1,008