This property looks like a bad Airbnb investment with a projected -11.08% first-year return on $197k initial cash invested.
-11.08%
Cash On Cash
3.93%
Cap Rate
0.64
DSCR
$5,763
Rent
-$1,819
Cashflow
Cash Flow
$5,763 income − $7,582 expenses = $1,819 out of pocket
Investment Breakdown
|
Purchase Price
$853k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$171k
Closing costs
1%
$8,526
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,763
Total Expenses
$7,582
Mortgage P&I
76%
$4,380
Property Taxes
2%
$120
Home Insurance
5%
$315
HOA
0%
$0
Property Management
15%
$864
CapEx
4%
$231
Vacancy
0%
$0
Maintenance
4%
$231
Other
25%
$1,441